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361 Deep Roots Dr

Cintas Corp. Leases 32,880 Square Feet From United Properties At Buda Midway In Texas
LEASEDIndustrial

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

Leigh Ellis

Broker

6 deals

Broker

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