Jack Ford And Brian Underkofler Of Lightstone Acquire Industrial Asset In Austin For $123.5M
SOLD
$31,100,000
Texas
See Similar DealsIndustrial123,514 SF
Sold 03/03/2025
SOLD
Jack Ford And Brian Underkofler Of Lightstone Acquire Industrial Asset In Austin For $123.5M
2500 Us Highway 183 South
See Similar DealsIndustrial123,514 SF
Sold 03/03/2025
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$251
Total Square Footage:123,514 SF
Transaction Type:Sale
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
BUYER
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,658,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,491.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$147,429.87
Annual Debt Service$1,769,158.40
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