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4401 Freidrich Lane

BentallGreenOak Acquires Industrial Property In Austin From KBS
SOLDIndustrial

BentallGreenOak Acquires Industrial Property In Austin From KBS

4401 Freidrich Lane

Building Size

372,763 SF

Asset Type

Industrial

Closing

Jun 8, 2020

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

Trent Agnew

JLL

Broker

$486M

vol

64 deals

Broker
Sonny Kalsi

Sonny Kalsi

BentallGreenOak

Buyer

$1.3B

vol

19 deals

Buyer
K
KBSSeller

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