American Canning Leases Industrial Property In Austin From Trammell Crow Co. And Clarion Partners
8015 Burleson Road, Austin, Texas 78744, United States
Building Size
154,786 SF
Asset Type
Industrial
Closing
Feb 8, 2022
AI
Trammell Crow Co. and Clarion Partners have leased an industrial property located at 8015 Burleson Rd. in Austin. The property spans over an area of 154,786 square feet and is owned by Trammell Crow Co. and Clarion Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8015 Burleson Rd.
- Market: Austin
- Landlord: Trammell Crow Co. and Clarion Partners
- Tenant: American Canning
- Brokers: John Barksdale, Joe Novek, and Darryl Dadon - CBRE
John Barksdale, Joe Novek, and Darryl Dadon from CBRE represented the tenant, American Canning, in this lease transaction.
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