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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 4209 Longhorn Drive
- Market: Alvarado
- Landlord: AAN Development LLC
- Tenant: Legend Conversion
- Brokers: Cade Navarro, Luke Clardy & Todd Lambeth - Bradford Commercial Real Estate Services
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.
On the Map
Mixed-use
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Players
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