Updated Mar 6, 2025
Lee & Associates Negotiates 22,500 Square Foot Industrial Lease For EastGroup Properties In Austin
8291 Springdale Road
Building Size
22,500 SF
Asset Type
Industrial
Closing
Mar 5, 2025
About this deal
AI
The property asset involved in the transaction is a 22,500-square-foot industrial space located at 8291 Springdale Road in the Austin market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 8291 Springdale Road
- Market: Austin
- Landlord: Marshall A. Loeb - EastGroup Properties
- Brokers: Adam Green & Luke Boykin - Lee & Associates
Adam Green and Luke Boykin represented the landlord, EastGroup Properties, in the negotiation of the lease. The identity of the tenant remains undisclosed.
Traded’s record for 8291 Springdale Road in Austin, Texas covers a industrial lease from 2025. The building is 22,500 square feet, implying about 0 per square foot on the published price. Marshall A. Loeb, Adam Green, Luke Boykin, Lee & Associates appear on the lease alongside Lee & Associates, DLC Management Corporation. This page is the Austin, Texas file for the 8291 Springdale Road industrial leased: pricing, party profiles, and other closed industrial comps from the same Austin sit in the Market section below. Filter that Austin industrial set by closing date to see what else leased near 8291 Springdale Road around 2025. Cite this Lee & Associates Negotiates 22,500 Square Foot Industrial Lease For EastGroup Properties In Austin lease when underwriting similar industrial product around Austin, Texas.
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