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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 3300 Duval Road
- Market: Austin
- Landlord: Mark S. Whiting - Drawbridge Realty
- Tenant: Craig Benson - Rules-Based Medicine
- Landlord's Representative: Kevin Granger & Matt Frizzell - Cushman & Wakefield
- Tenant's Representative: Jay Austin & Nate Stricklen - CBRE
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
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