LEASEDOffice
Meta - Mark Zuckerberg Leases Office Space In Austin's 400 West Sixth Street From Lincoln Property Company Commercial, Kairoi Residential & Divco West Real Estate Services
400 West 6th Street, Austin, Texas 78701, United States
Building Size
589,000 SF
Asset Type
Office
Closing
Jan 10, 2022
About this deal
AI
Mark Zuckerberg has recently entered into a lease agreement for an office space located at 400 West Sixth Street in Austin. The office space spans an area of 589,000 square feet, making it a sizable asset in the Austin market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 400 West Sixth Street
- Market: Austin
- Landlord: Lincoln Property Company Commercial, Kairoi Residential & Divco West Real Estate Services
- Tenant: Meta - Mark Zuckerberg
The lease agreement was facilitated by Mark Zuckerberg's representative, Meta's REP.
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