facebook
Traded Co logo
Submit

Rastegar Property Company Secures $46M Construction Loan For Industrial Property At 11708 McAngus Road, Austin

Property Image
FINANCED
$46,000,000

Texas

See Similar Deals
Industrial600,000 SF
Financed 09/30/2022
the dealplayerscompscontact
Property Image
FINANCED

Rastegar Property Company Secures $46M Construction Loan For Industrial Property At 11708 McAngus Road, Austin

11708 Mcangus Road, Del Valle, Texas 78617, United States

See Similar Deals
Industrial600,000 SF
Financed 09/30/2022
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:600,000 SF
Transaction Type:Loan

The industrial property located at 11708 McAngus Road in Austin has been involved in a recent transaction. The property spans 600,000 square feet on a 50-acre lot. The transaction took place on 09/30/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $46,000,000
  • Market: Austin
  • Address: 11708 McAngus Road
  • Square Footage: 600,000
  • Acres: 50

The loan for this transaction was provided by CIBC. The loan amount was $46,000,000, and it was a construction loan. The landlord for the property is Rastegar Property Company, represented by Ari Rastegar.

Players

Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce
LENDER
Ari Rastegar
Ari Rastegar
4 deals$46M volume
LANDLORD

Details

FINANCED
IMAGE: Ari Rastegar DATE: 09/30/2022 ADDRESS: 11708 McAngus Road MARKET: Austin ASSET TYPE: Industrial ~ SF: 600,000 ~ ACRES: 50 LENDER: CIBC LANDLORD: Rastegar Property Company (@RastegarProperty)- Ari Rastegar (@Rastegar) LOAN AMOUNT: $46,000,000 LOAN TYPE: Construction

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,000,000.00

Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00