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

11708 McAngus Road

Industrial

600,000 SF

Financed 1 year ago

Summary

Loan

TEXAS

Industrial

600,000 sqft

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

All
1

Lenders
1

Canadian Imperial Bank of Commerce

Details

Deal Summary

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

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Address11708 McAngus Road

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