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
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