Bennett Klepper Of Klepper Industrial Purchases 30,000 Sq Ft Industrial Building In Cedar Park
1615 Scottsdale Drive
Building Size
30,000 SF
Asset Type
Industrial
Closing
Dec 24, 2025
AI
The property involved in this transaction is a vacant industrial building with a square footage of 30,000, located at 1615 Scottsdale Drive in Cedar Park. The asset is situated on a 3.9-acre lot and was built in 2018. It benefits from its location along the high-traffic Highway 183A.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1615 Scottsdale Drive
- Market: Cedar Park
- Buyer: Bennett Klepper - Klepper Industrial
- Seller: John Hagefstration & Gardner Lee - Growth Capital Partners; BCA Industrial Partners LLC
- Buyer's Representative: Stan Nowak - Partners Real Estate
- Seller's Representative: Witt Westbrook - JLL
This transaction was facilitated by Witt Westbrook of JLL, who represented the sellers, John Hagefstration and Gardner Lee. Stan Nowak of Partners Real Estate represented Bennett Klepper in the acquisition of the property.
Players
Leander Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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