Pravo Construction Leases 3,331 SF Office Space At 1601 S. Mopac Expressway, Austin
1601 South MoPac Expressway, Austin, TX, USA
Building Size
3,331 SF
Asset Type
Office
Closing
Nov 11, 2020
AI
An office space located at 1601 S. Mopac Expressway in Austin has been leased. The property has a total area of 3,331 square feet and is owned by Brandywine Realty Trust. The lease transaction took place on 11/12/2020.
Summary of transaction details
- Property Type: Office
- Transaction Date: 11/12/2020
- Address: 1601 S. Mopac Expressway
- Market: Austin
- Square Footage: 3,331
Pravo Construction, a tenant, has entered into the lease agreement for this office space. The lease was facilitated by Tim Donohue & Caroline King from CBRE, who represented the tenant.
Players
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