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3813 Helios Way, Pflugervil...

Birtcher Anderson & Davis Acquires Property At 3813 Helios Way Pflugerville With Seller's Rep Josh Villarreal
SOLDIndustrial

Birtcher Anderson & Davis Acquires Property At 3813 Helios Way Pflugerville With Seller's Rep Josh Villarreal

3813 Helios Way, Pflugerville, TX, 786...

Building Size

239,952 SF

Asset Type

Industrial

Closing

Jun 4, 2021

AI

The property involved in the transaction is the Pecan 130 Business Park located at 3813 Helios Way, Pflugerville, TX. This industrial property spans 239,952 square feet and is situated on 15.4 acres just off toll road 130, less than 19 miles from downtown Austin. The buildings were completed in 2013 and 2014 and feature clear heights ranging from 24 to 27 feet, along with 40 dock-high doors, a 180-foot shared truck court, seven drive-in doors, ESFR fire protection, insulated storefront glass, and ample parking. At the time of the sale, the property was 85 percent leased to seven tenants, including EOS North America, D-BAT Frisco, and Tracking Point.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 3813 Helios Way, Pflugerville, TX
  • Market: Pflugerville
  • Seller's Representative: Josh Villarreal (JLL)
  • Buyer: Birtcher Anderson & Davis
  • Square Footage: 239,952

The transaction involved a team from JLL, including Senior Managing Directors Dustin Volz and Trent Agnew, Managing Director Stephen Baily, Director Dom Espinosa, and Analysts Wesley Gilmer and Josh Villarreal, who represented the seller, Dogwood Industrial Properties. Birtcher Anderson & Davis is backed by TPG Real Estate Partners and has expanded its presence in the Austin industrial market, having recently acquired another property in the region. The deal reflects continued interest and activity within the industrial sector of the Austin metro area.

Players

Trent Agnew

JLL

Broker

$486M

vol

64 deals

Broker

Birtcher Anderson

Buyer

$62.3M

vol

7 deals

Buyer

Pflugerville 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