The Beck Group Leases 10.4K SF Office At Centro In Austin From Riverside Resources
1401 E 6th St Austin, TX 78702, USA
Building Size
10,400 SF
Asset Type
Office
Closing
May 23, 2023
AI
The Beck Group, a design and construction firm, has secured a lease for a 10,400-square-foot office space at Centro in Austin. The property is located at 1401 East Sixth Street and is owned by Riverside Resources. The lease was negotiated by AQUILA Commercial on behalf of The Beck Group, while Riverside Resources represented themselves in the transaction.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1401 East Sixth Street, Austin
- Market: Austin
- Tenant: The Beck Group
- Landlord: Riverside Resources
- Landlord's Representative: Taylor McHargue & Jay Lamy - AQUILA Commercial
The Beck Group's lease for the office space at Centro in Austin was facilitated by AQUILA Commercial, with Riverside Resources representing themselves in the deal. The transaction highlights the collaboration between The Beck Group and AQUILA Commercial, demonstrating their expertise in securing prime office spaces for their clients.
Players
Texas 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