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3212 East Cesar Chavez Stre...

Updated Oct 28, 2024

Canva Leases Office Space In Austin With Landlord Cypress Real Estate Advisors
LEASEDOffice

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

Cypress Real Estate Advisors
Cypress Real Estate AdvisorsLandlord

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

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