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
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