Updated Oct 13, 2026
ZT Systems Acquires 435,000 SF Industrial Building In Georgetown, Texas
100 Velocity Dr
Building Size
435,000 SF
Asset Type
Industrial
Closing
Oct 23, 2023
About this deal
AI
ZT Systems, a New Jersey company in cloud computing and AI equipment manufacturing, is purchasing a 435,000-square-foot industrial building in Georgetown, Texas. The facility, located at 100 Velocity Drive, is part of the NorthPark35 business park near Interstate 35 and the Texas State 130 toll road.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Square Footage: 435,000
- Address: 100 Velocity Drive
- Market: Georgetown
ZT Systems, represented by Frank Zhang, will be acquiring the industrial building. The seller, Titan Development Ltd, is represented by Ben Spencer. The transaction involves the purchase of the property for ZT Systems' operations in cloud computing and AI equipment manufacturing. The facility is expected to employ about 1,500 people and will further strengthen NorthPark35 business park's presence in the industry.
On the Map
Industrial
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Players
Georgetown Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93