Updated Oct 28, 2024
Building Size
372,763 SF
Asset Type
Industrial
Closing
Jun 8, 2020
About this deal
AI
An industrial property located at 4401 Freidrich Lane in Austin has been sold in a closed transaction. The property, totaling 372,763 square feet, was sold by KBS to BentallGreenOak, with Sonny Kalsi representing the buyer. The transaction took place on 06/08/2021 and was facilitated by JLL Capital Markets, with Trent Agnew, Dustin Volz, Dom Espinoza, Josh Villareal, and Wesley Gilmer serving as brokers.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Seller: KBS
- Buyer: BentallGreenOak - Sonny Kalsi
- Brokers: Trent Agnew, Dustin Volz, Dom Espinoza, Josh Villareal, & Wesley Gilmer - JLL Capital Markets
- Square Footage: 372,763
- Market: Austin
The deal involved key individuals and companies such as Sonny Kalsi, who represented BentallGreenOak as the buyer, and the brokerage team consisting of Trent Agnew, Dustin Volz, Dom Espinoza, Josh Villareal, and Wesley Gilmer from JLL Capital Markets. This transaction showcases the active commercial real estate market in Austin.
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