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1401 E 6th St Austin, TX 78...

The Beck Group Leases 10.4K SF Office At Centro In Austin From Riverside Resources
LEASEDOffice

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

Taylor McHargue

Aquila Commercial

Broker

1 deal

Broker
RR
Riverside ResourcesLandlord

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