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Northmarq Arranges $15.3M Loan For Industrial Flex Properties In Austin, San Antonio & Schertz
FINANCEDIndustrial

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

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.

Players

Bryan Leonard

NorthMarq

Broker

$347.4M

vol

6 deals

Broker

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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93