facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

3300 Duval Road

Rules-Based Medicine Renews 37356 Square Foot Office Lease At 3300 Duval Road In Austin
LEASEDOffice

Rules-Based Medicine Renews 37356 Square Foot Office Lease At 3300 Duval Road In Austin

3300 Duval Road

Building Size

37,356 SF

Asset Type

Office

Closing

Dec 23, 2024

AI

The leased property is an office asset located at 3300 Duval Road in Austin, featuring a total square footage of 37,356. The transaction involved the renewal of the office and life sciences lease for the tenant, Rules-Based Medicine.

Summary of transaction details:

This transaction was facilitated through the representation of the landlord by Kevin Granger and Matt Frizzell from Cushman & Wakefield, while Jay Austin and Nate Stricklen from CBRE represented the tenant. The renewal indicates a continued commitment to the North Austin location by the tenant, which is a division of IQVIA.

Players

Nate Stricklen

CBRE

Broker

5 deals

Broker

Austin Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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