LEASEDOffice
Industrious Signs Lease For 18653 Square Feet Office Space At 5209 Burnet Road In Austin
5209 Burnet Road
Building Size
18,653 SF
Asset Type
Office
Closing
Mar 20, 2025
AI
The property asset involved in this transaction is located at 5209 Burnet Road in Austin. It is classified as an office space with a total square footage of 18,653.0 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5209 Burnet Road
- Market: Austin
- Tenant: Jamie Hodari - Industrious
- Brokers: Brent Powdrill - JLL, Bethany Perez - JLL, Colton McCasland - JLL
- Lease Date: 03/20/2025
The deal involves Jamie Hodari representing the tenant, Industrious, while Brent Powdrill, Bethany Perez, and Colton McCasland are the brokers at JLL involved in this leasing transaction.
Players
Aquila CommercialBrokerage
CBREBrokerage
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