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2500 Us Highway 183 South

Jack Ford And Brian Underkofler Of Lightstone Acquire Industrial Asset In Austin For $123.5M
SOLDIndustrial

Jack Ford And Brian Underkofler Of Lightstone Acquire Industrial Asset In Austin For $123.5M

2500 Us Highway 183 South

$31,100,000

$251/SF

Building Size

123,514 SF

Asset Type

Industrial

Closing

Mar 3, 2025

AI

The property asset involved in the transaction is an industrial property located at 2500 US Highway 183 South in Austin. The asset encompasses a total area of 123,514 square feet and takes part in the industrial market sector.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2500 US Highway 183 South
  • Market: Austin
  • Square Footage: 123,514
  • Buyer: Jack Ford & Brian Underkofler - Lightstone
  • Brokers: Stephen Bailey & Joshua Villarreal - Newmark

Jack Ford and Brian Underkofler, representatives of Lightstone, are the buyers involved in this transaction. The brokerage team representing the deal consists of Stephen Bailey and Joshua Villarreal from Newmark.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
L
LightstoneBuyer

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

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93