TikTok Inc. Leases Office Space In Austin From Cousins Properties
300 Colorado Street, Austin, Texas 78701, United States
Building Size
125,000 SF
Asset Type
Office
Closing
Feb 13, 2022
AI
The office building located at 300 Colorado Street in Austin has been leased. The lease transaction took place on 02/14/2022. The property spans a total of 125,000 square feet and falls within the office asset type category.
Summary of transaction details
- Property Type: Office
- Transaction Date: 02/14/2022
- Address: 300 Colorado Street
- Market: Austin
- Square Footage: 125,000
The landlord for this lease is Cousins Properties, represented by Colin Connolly. The tenant in this lease agreement is TikTok Inc.
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