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
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