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4806 Commercial Park Dr

Updated Sep 9, 2024

M2G Ventures Acquires 54,000 SF Industrial Building In Austin With Blue Vista Capital Management
SOLDIndustrial

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

About this deal

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.

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Leigh Ellis

Broker

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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

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