Updated Oct 28, 2024
Rastegar Property Company Secures $46M Construction Loan For Industrial Property At 11708 McAngus Road, Austin
11708 Mcangus Road, Del Valle, Texas 78617, United States
$46,000,000
$76/SF
Building Size
600,000 SF
Asset Type
Industrial
Closing
Sep 29, 2022
About this deal
AI
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.
On the Map
$46,000,000
$76/SF
Industrial
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Players
Del Valle Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93