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
About this deal
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.
On the Map
Office
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Players
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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