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2550 North Interstate 35

JLL Represents Seller In Sale Of 294297 SF Property At 2550 N Interstate 35 Frontage Rd
SOLDIndustrial

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:

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

Trent Agnew

JLL

Broker

$486M

vol

64 deals

Broker

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