Jim Yoder, Mike Lewis & Fred Hamm Of Velocis Acquire 270000 Square Foot Industrial Property In Bee Cave From Shey Sabripour Of CesiumAstro
Building Size
270,000 SF
Asset Type
Industrial
Closing
Mar 9, 2026
AI
The asset involved in this transaction is an industrial property located at State Highway 71 & Sweetwater Village Drive in the Bee Cave market. This property comprises a total square footage of 270,000 and was developed with KBC Advisors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Jim Yoder, Mike Lewis & Fred Hamm - Velocis
- Seller: Shey Sabripour - CesiumAstro
- Market: Bee Cave
- Asset Size: 270,000 sq ft
The buyer, Velocis, sold the West Austin Business Park to CesiumAstro, which plans to utilize the three-building complex for its manufacturing and research headquarters.
Players
Market 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