SOLDIndustrial
Four Springs Capital Trust Acquires Industrial/Warehouse Property In Austin From Mohr Capital
7000 Metropolis Drive, Austin, TX 78744, USA
Building Size
160,000 SF
Asset Type
Industrial
Closing
Jun 1, 2020
AI
The Industrial/Warehouse property located at 7000 Metropolis Drive in Austin has been sold. The property spans 160,000 square feet and sits on 550 acres.
Summary of transaction details:
- Property Type: Industrial/Warehouse
- Transaction Amount: Not specified
- Address: 7000 Metropolis Drive
- Market: Austin
- Square Footage: 160,000
- Acres: 550
Mohr Capital, represented by Rodrigo Godoi, acted as the seller in this transaction. The buyer of the property was Four Springs Capital Trust, with William Dioguardi representing them.
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