Updated Sep 5, 2024
Northmarq Arranges $15.3M Loan For Industrial Flex Properties In Austin, San Antonio & Schertz
Austin, Texas
$15,300,000
$153,000/SF
Building Size
100 SF
Asset Type
Industrial
Closing
Mar 8, 2022
About this deal
AI
The Industrial Flex Properties located in Austin, San Antonio, and Schertz has been involved in a recent transaction. This industrial property spans a total area of 100,388 square feet. The loan for this transaction amounted to $15,300,000. The deal was facilitated by Bryan Leonard from Northmarq as the broker representing the parties involved.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,300,000
- Address: Industrial Flex Properties
- Market: Austin, San Antonio & Schertz
- Square Footage: 100,388 SF
Bryan Leonard, from Northmarq, played a crucial role in this transaction as the broker. Their expertise and representation helped facilitate the deal for the buyer, seller, landlord, or tenant involved.
On the Map
$15,300,000
$153,000/SF
Industrial
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Players
Austin 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93