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1700 Royston Lane, Round Ro...

NorthMarq Arranges $5M Industrial Loan For 38K SF Property On Royston Lane, Round Rock
FINANCEDIndustrial

NorthMarq Arranges $5M Industrial Loan For 38K SF Property On Royston Lane, Round Rock

1700 Royston Lane, Round Rock, TX 78664, USA

$5,000,000

$131/SF

Building Size

38,024 SF

Asset Type

Industrial

Closing

Apr 21, 2021

AI

An industrial property located at 1700 Royston Lane in Round Rock has recently closed in a transaction. The property spans across 38,024 square feet, providing ample space for various industrial purposes. The transaction, which took place on 04/22/2021, involved a loan amount of $5,000,000 with a 25-year amortization schedule.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,000,000
  • Loan Term: 25-year amortization schedule
  • Address: 1700 Royston Lane, Round Rock
  • Market: Round Rock
  • Loan Broker: Chase Johnson - NorthMarq
  • Image Source: Chase Johnson

Chase Johnson, a representative from NorthMarq, played a vital role in facilitating the loan transaction for the industrial property at 1700 Royston Lane. With their expertise and negotiation skills, the loan agreement was successfully reached, allowing the buyer to secure the necessary funds for the property acquisition. This transaction highlights the importance of trusted professionals in closing intricate real estate deals.

Players

Chase Johnson

Cushman & Wakefield

Broker

$317.1M

vol

7 deals

Broker
NorthMarq
NorthMarqBrokerage

Round Rock 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93