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7701 Metropolis Drive, Aust...

Arrive Logistics Leases 116K SF Industrial Space In Austin At 7701 Metropolis Dr
LEASEDIndustrial

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

Rodrigo Godoi

Mohr Capital

Landlord

4 deals

Landlord

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