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1650 Independence Drive, Ne...

TaskUs Leases 80,000 SF Office Space In New Braunfels With Tenant's Rep Wills Bauer & Randy Cooper - Stream Realty Partners
LEASEDOffice

TaskUs Leases 80,000 SF Office Space In New Braunfels With Tenant's Rep Wills Bauer & Randy Cooper - Stream Realty Partners

1650 Independence Drive, New Braunfels, TX 78132, USA

Building Size

80,000 SF

Asset Type

Office

Closing

Oct 25, 2021

AI

The leased property at 1650 Independence Dr in New Braunfels has been a part of a recent transaction. The asset type is an office space with a size of approximately 80,000 square feet. The lease deal was finalized on October 25, 2021.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Date: October 25, 2021
  • Address: 1650 Independence Dr, New Braunfels
  • Market: New Braunfels
  • Asset Size: 80,000 square feet

Worth & Associates acted as the landlord for this transaction. The tenant in the lease deal is TaskUs. Representing the landlord, Shawn Gulley from Worth & Associates facilitated the transaction. On the other hand, Wills Bauer and Randy Cooper from Stream Realty Partners served as the tenant's representatives.

Players

Shawn Gulley

Worth & Associates

Broker

3 deals

Broker
Worth & Associates
Worth & AssociatesLandlord

New Braunfels 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