Arrive Logistics Leases 116K SF Industrial Space In Austin At 7701 Metropolis Dr
7701 Metropolis Drive, Austin, TX 78744, USA
Building Size
116,000 SF
Asset Type
Industrial
Closing
Sep 13, 2021
AI
The industrial property located at 7701 Metropolis Dr in Austin has recently been leased. The property has a size of 116,000 square feet and is owned by Mohr Capital, with Rodrigo Godoi representing the landlord. Arrive Logistics, represented by J-Ann Tio, is the tenant.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 7701 Metropolis Dr
- Market: Austin
- Landlord: Mohr Capital - Rodrigo Godoi
- Tenant: Arrive Logistics - J-Ann Tio
Rodrigo Godoi of Mohr Capital and J-Ann Tio from Arrive Logistics played key roles in the lease transaction of this industrial property in Austin. The deal was finalized on 09/13/2021.
Players
Austin Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93