JLL Represents Seller In Sale Of 294297 SF Property At 2550 N Interstate 35 Frontage Rd
2550 North Interstate 35
Building Size
294,297 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The transaction involves the sale of Gateway 35 Commerce Center Building 1, an industrial facility located at 2550 N Interstate 35 Frontage Rd in Georgetown, Texas. The property spans 294,297 square feet and is situated on 21 acres. Built in 2022, the cross-dock building was fully leased to CelLink Corp., a California-based electronics manufacturer, at the time of the sale. Key features include 36-foot clear heights, 185-foot truck court depths, 220 car parking spaces, and 94 trailer parking stalls.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 2550 N Interstate 35 Frontage Rd, Georgetown, Texas
- Square Footage: 294,297
- Seller's Representatives: Trent Agnew, Dom Espinosa, Josh Villarreal, Megan Babovec - JLL, Dustin Volz - Newmark
- Buyer: Undisclosed
The deal was managed by a team of representatives from JLL and Newmark, showcasing notable industry collaboration in the transaction. Titan Development, the seller, was represented by Trent Agnew, Dom Espinosa, Josh Villarreal, and Megan Babovec from JLL, along with Dustin Volz from Newmark.
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