Updated Oct 28, 2024
TA Realty Acquires Industrial Property In Austin From HPI Real Estate Services
1100 East Howard Lane, Austin, TX, USA
Building Size
387,838 SF
Asset Type
Industrial
Closing
Sep 19, 2021
About this deal
AI
1100 East Howard Lane in Austin has been sold in a recent transaction. The industrial property spans an area of 387,838 square feet and is situated on approximately acres of land. The sale took place on September 20, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
The buyer of the property is TA Realty, while the seller is HPI Real Estate Services. The deal was facilitated by the brokers Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber from CBRE.
On the Map
Industrial
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Players
Austin 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