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4209 Longhorn Dr

Legend Conversion Leases 16000 SF Mixed-use Space At 4209 Longhorn Drive From AAN Development
LEASEDMixed-use

Legend Conversion Leases 16000 SF Mixed-use Space At 4209 Longhorn Drive From AAN Development

4209 Longhorn Dr

Building Size

16,000 SF

Asset Type

Mixed-use

Closing

May 12, 2025

AI

The property asset involved in this transaction is a mixed-use space located at 4209 Longhorn Drive in Alvarado. The total square footage of the property is 16,000, featuring air-conditioned office and warehouse facilities.

Summary of transation details:

Bradford Commercial Real Estate Services represented both AAN Development LLC and Legend Conversion in this deal. The lease agreement was finalized within six months of the company taking over the listing, reflecting a strategic move by Legend Conversion to support its rapid growth in high-end van conversions.

Players

Todd Lambeth

Bradford Commercial Real Estate Services

Broker

4 deals

Broker

Alvarado Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease 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