Matthew Briggs's Four Hands Signs 20,000-Square-Foot Office Lease At 3232 East Cesar Chavez St
3232 East Cesar Chavez Street
Building Size
20,000 SF
Asset Type
Office
Closing
Jan 3, 2025
AI
The property involved in this transaction is an office asset located at 3232 East Cesar Chavez Street in Austin. The space encompasses 20,000 square feet and falls within the office asset type category.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 3232 East Cesar Chavez Street
- Market: Austin
- Landlord: Clay Duvall - Lincoln Property Co, Brad Korzen - The KOR Group, Larry Jackel - Fenway Capital Advisors, Patrick Tribolet - Fenway Capital Advisors
- Tenant: Matthew Briggs - Four Hands
- Broker: Chad Marsh - Endeavor Real Estate Group
This transaction involved Four Hands signing a lease, facilitated by Chad Marsh from Endeavor Real Estate Group, representing the tenant in the deal. The partnership owning the property includes parties from Lincoln Property Co., The KOR Group, and Fenway Capital Advisors.
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