LEASEDIndustrial
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
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.
Players
Austin Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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