Mood Media Leases 55000 Square Feet At 2100 S IH 35 Frontage Rd Austin Texas With FCA
2100 S IH 35 Frontage Rd, Austin, TX...
Building Size
55,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The asset involved in this lease transaction is located at 2100 S IH 35 Frontage Rd, Austin, TX in the Georgetown market. The property is leased for a total of 55,000 square feet, serving as the new headquarters for Mood Media, which specializes in interactive mobile marketing solutions. The landlord for this property is FCA.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not specified
- Tenant: Mood Media
- Landlord: FCA
- Square Feet: 55,000
- Tenant's Representative: Jeff Sheehan & Sam Pruitt - Site Selection Group
- Landlord's Representative: Equitable Commercial Realty (ECR)
This deal involved key individuals including representatives from Site Selection Group, specifically Sam Pruitt and Jeff Sheehan, who represented Mood Media throughout the lease negotiations. Equitable Commercial Realty acted on behalf of FCA in this transaction, facilitating the agreement between the tenant and landlord.
Players
Georgetown 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