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405 Colorado Street, Austin...

Cushman & Wakefield Leases Office Space In Austin's 405 Colorado St With Landlord Brandywine Realty Trust
LEASEDOffice

Cushman & Wakefield Leases Office Space In Austin's 405 Colorado St With Landlord Brandywine Realty Trust

405 Colorado Street, Austin, Texas 78701, United States

Building Size

18,005 SF

Asset Type

Office

Closing

Jul 17, 2022

AI

Brandywine Realty Trust has leased an office space located at 405 Colorado St in Austin. The property spans approximately 18,005 square feet and was leased to Cushman & Wakefield - Blakely Despres. The lease transaction was completed on July 18, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 405 Colorado St, Austin
  • Market: Austin
  • Square Footage: 18,005

Richard Whiteley from Cushman & Wakefield represented the landlord, Brandywine Realty Trust in the lease agreement. The tenant, Cushman & Wakefield - Blakely Despres, was represented by Troy Holme, Katie Ekstrom, and Casey Ford from CBRE.

Players

Troy Holme

CBRE

Broker

2 deals

Broker
Brandywine Realty Trust
Brandywine Realty TrustBrokerage
Cushman & Wakefield
Cushman & WakefieldTenant

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