FINANCEDIndustrial
NorthMarq Brokers Facilitate $11M Nonrecourse Loan For 83,000 SF Industrial Property At 7601 S. Congress Ave In Austin
7601 S Congress Ave, Austin, TX, USA
$11,000,000
$132/SF
Building Size
83,000 SF
Asset Type
Industrial
Closing
Jun 10, 2020
AI
The industrial property located at 7601 S. Congress Ave in Austin has recently undergone a closed transaction. The property spans approximately 83,000 square feet and is situated in the Austin market.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 06/10/2021
- Address: 7601 S. Congress Ave
- Market: Austin
- Brokers: John Morran & Gerald Logan - NorthMarq
The loan for this transaction amounted to $11,000,000 and came in the form of a nonrecourse, fixed-rate loan.
Note: No additional information was provided regarding the image, loan term, or any other details of the transaction.
Austin Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93