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5209 Burnet Road

Jeremy Stein Of Exacta Systems Leases Office Space At 5209 Burnet Road In Austin
LEASEDOffice

Jeremy Stein Of Exacta Systems Leases Office Space At 5209 Burnet Road In Austin

5209 Burnet Road

Building Size

15,908 SF

Asset Type

Office

Closing

Mar 24, 2025

AI

The property asset involved in this transaction is an office space located at 5209 Burnet Road, Austin. The total area of the property is 15,908 square feet.

Summary of transaction details:

The transaction reflects the collaboration of multiple representatives from JLL acting on behalf of the landlord, with a single representative from Colliers representing the tenant in the deal.

Players

Bethany Perez

JLL

Broker

2 deals

Broker
Jeremy Stein

Jeremy Stein

Tenant

$77.6M

vol

5 deals

Tenant

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