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2100 S IH 35 Frontage Rd, A...

Mood Media Leases 55000 Square Feet At 2100 S IH 35 Frontage Rd Austin Texas With FCA
LEASEDOffice

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

Sam Pruitt

Site Selection Group

Broker

2 deals

Broker
FCA
FCALandlord

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