Updated Oct 15, 2026
Portal Warehousing Acquires Industrial Asset At 2307 Business Center Drive In Austin
2307 Business Center Drive
Building Size
62,750 SF
Asset Type
Industrial
Closing
Mar 5, 2026
About this deal
AI
The property asset involved in this closed transaction is located at 2307 Business Center Drive in Austin. It is classified as an industrial asset with a total square footage of 62,750.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2307 Business Center Drive
- Market: Austin
- Buyer: Alex Morrison, Nathaniel Neman, Justin Adelipour & Joshua Zamir
- Buyer Company: Portal Warehousing
Portal Warehousing is poised for further growth, having over $100 million in capital available for deployment across its industrial real estate platform. For acquisition criteria, interested parties can reach out to Nathaniel Neman at [email protected].
On the Map
Industrial
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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