Dun & Bradstreet Leases 36,000 SF Office Space In Austin's Domain Gateway
2900 Esperanza Crossing
Building Size
36,000 SF
Asset Type
Office
Closing
Mar 7, 2024
AI
The office property located at 2900 Esperanza Crossing in Austin, spanning 36,000 square feet, was leased in a recent transaction. The space will now be occupied by Dun & Bradstreet, with Anthony Jabbour representing the tenant, in North Austin's Domain Gateway building previously owned by Indeed.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2900 Esperanza Crossing
- Market: Austin
- Tenant: Anthony Jabbour - Dun & Bradstreet
- Landlord: Indeed
- Brokers: John Gump & Nate Stricklen - CBRE ; Todd Chessher
Dun & Bradstreet's decision to lease the 36,000 square feet in North Austin's Domain Gateway building from Indeed highlights the company's strategy as it scales back its operations in Austin. This move comes amidst the broader trend of remote work impacting the office market in Austin, evident through last year's nearly 20 percent office vacancy rate, signaling changes in workspace dynamics within the city.
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