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10801 North Mopac Expresswa...

Transperfect Translation Services And Berkley Insurance Co. Lease Office Space In North Austin
LEASEDOffice

Transperfect Translation Services And Berkley Insurance Co. Lease Office Space In North Austin

10801 North Mopac Expressway, Austin, Texas 78759, United States

Building Size

19,704 SF

Asset Type

Office

Closing

Mar 10, 2022

AI

The property involved in this transaction is an office space located at 10801 N. Mopac Expressway in North Austin. The property spans a total of 19,704 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 10801 N. Mopac Expressway
  • Market: North Austin
  • Tenant: Transperfect Translation Services & Berkley Insurance Co.
  • Landlord: PacTrust

The landlord in this deal is PacTrust, while the tenants are Transperfect Translation Services and Berkley Insurance Co. Representing the landlord in the transaction are Max McDonald, Ben Tolson, and Bart Matheney from AQUILA Commercial. Robert Kulik from Sonny Brown Associates LLC and REAL Broker Commercial LLC, along with Dave Wilson, Stayton Wright, and Hunter Jones from Transwestern, represent the tenant.

Players

Ben Tolson

Broker

2 deals

Broker
PacTrust
PacTrustLandlord

Austin Office Market Snapshot

Boundary boundary · Office · 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