Canva Leases Office Space In Austin With Landlord Cypress Real Estate Advisors
3212 East Cesar Chavez Street, Austin, TX, USA
Building Size
36,932 SF
Asset Type
Office
Closing
Nov 2, 2021
About this deal
AI
The office building located at 3212 East Cesar Chavez Street in Austin has been leased. The property, consisting of approximately 36,932 square feet, was leased by Canva, a company founded by Melanie Perkins. The lease transaction was facilitated by AQUILA Commercial, representing the landlord, Cypress Real Estate Advisors, and JLL, representing Canva.
Summary of transaction details
- Property Type: Office
- Transaction Date: 11/02/2021
- Address: 3212 East Cesar Chavez Street, Austin
- Market: Austin
- Square Footage: 36,932
- Landlord: Cypress Real Estate Advisors - Mark Levin
- Tenant: Canva - Melanie Perkins
- Landlord's Representative: AQUILA Commercial
- Tenant's Representative: JLL
Canva, under the leadership of Melanie Perkins, has leased approximately 36,932 square feet of office space at 3212 East Cesar Chavez Street in Austin. The lease agreement was facilitated by AQUILA Commercial, who represented the landlord, Cypress Real Estate Advisors. JLL acted as the tenant's representative on behalf of Canva.
Players
Austin Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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