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8001 Industry Way, Austin, ...

American Canning Leases 154786 Square Feet At 8001 Industry Way In Austin From Clarion Partners
LEASEDIndustrial

American Canning Leases 154786 Square Feet At 8001 Industry Way In Austin From Clarion Partners

8001 Industry Way, Austin, TX, 78744

Building Size

154,786 SF

Asset Type

Industrial

Closing

Feb 9, 2022

AI

This transaction involves a long-term lease for a 154,786 square-foot Class A building located at 8001 Industry Way, Austin, TX, 78744. The property is part of Park 183 in Southeast Austin and features office and storage spaces along with manufacturing facilities. The single-story building has 28-foot clear heights and is positioned for easy access off U.S. Highway 183.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 8001 Industry Way, Austin, TX, 78744
  • Market: Austin
  • Tenant: American Canning
  • Landlord: Clarion Partners
  • Tenant's Representative: Darryl Dadon (CBRE)
  • Landlord's Representatives: Joe Novek (CBRE), John Barksdale (CBRE)
  • Square Feet: 154,786

The lease was facilitated by CBRE, with Senior Vice President John Barksdale and Associate Joe Novek representing Clarion Partners and Trammell Crow Co. Meanwhile, Senior Vice President Darryl Dadon represented the tenant, American Canning. This agreement marks a significant step for American Canning as it relocates its headquarters within the industrial park.

Players

Joe Novek

CBRE

Broker

3 deals

Broker
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

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