M2G Ventures Acquires 54,000 SF Industrial Building In Austin With Blue Vista Capital Management
4806 Commercial Park Dr
Building Size
54,000 SF
Asset Type
Industrial
Closing
Apr 25, 2023
AI
M2G Ventures, in partnership with Blue Vista Capital Management, has acquired a 54,000 square foot light industrial asset located at 4806 Commercial Park Dr in southeast Austin. This marks M2G Ventures' first acquisition in the city, and they have plans to invest in significant capital improvements for the property. The upgrades will include landscaping, new signage, and storefront upgrades.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Date: 04/25/2023
- Address: 4806 Commercial Park Dr
- Market: Austin
- Buyer: M2G Ventures - Brett Zimmerman & Jessica Miller Essl;
- Seller: Not specified
- Brokers: Leigh Ellis, Will Sikora & Chris Perry - Aquila Commercial
M2G Ventures, a Texas-based real estate investment and development company, partnered with Blue Vista Capital Management for this acquisition. Leigh Ellis, Will Sikora, and Chris Perry from Aquila Commercial represented the buyer in this transaction.
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