Updated Jul 9, 2026
Elon Musk's Tesla Leases 682,000 Square Feet Industrial Space At Austin Hills Commerce Center
11801 Decker Lake Road
Building Size
682,000 SF
Asset Type
Industrial
Closing
Jul 7, 2026
About this deal
AI
An industrial asset located at 11801 Decker Lake Road in Austin, TX, has been leased. This property spans 682,000 square feet and is situated in the Austin Hills Commerce Center, representing a significant industrial lease transaction in the greater Austin market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Square Footage: 682,000
- Address: 11801 Decker Lake Road
- Market: Austin, TX
- Landlord: Anthony F. Sansone Sr. - Sansone Group; Kamal Bhatia - Principal Asset Management
- Tenant: Elon Musk - Tesla
The lease transaction has reportedly expanded Tesla’s leased industrial footprint in the region to nearly 3 million square feet, although the company has not publicly confirmed the lease details.
On the Map
Industrial
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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