Cintas Corp. Leases 32,880 Square Feet From United Properties At Buda Midway In Texas
361 Deep Roots Dr
Building Size
32,880 SF
Asset Type
Industrial
Closing
Jan 17, 2025
AI
The property asset involved in the transaction is an industrial space located at 361 Deep Roots Drive in Buda, Texas, encompassing a total area of 32,880 square feet. This lease pertains to Buda Midway's Building 6, which is part of a broader development phase comprising 382,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 361 Deep Roots Drive
- Market: Buda
- Landlord: Matt Van Slooten - United Properties
- Tenant: Todd M. Schneider - Cintas Corp.
- Brokers: Blake Patterson, Leigh Ellis & Omar Nasser - AQUILA Commercial
This transaction includes Cintas Corp. as the tenant, which has secured the lease for the industrial space. The deal was facilitated by AQUILA Commercial, with brokers Leigh Ellis, Blake Patterson, and Omar Nasser representing the landlord, United Properties, in the agreement.
Players
Buda 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