Updated Sep 9, 2024
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
About this deal
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.
On the Map
$5,000,000
$131/SF
Industrial
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Players
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