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
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