Tricentis Leases 42,019 SF Office Space At 5301 Southwest Pkwy In Austin
5301 Southwest Parkway, Austin, Texas 78735, United States
Building Size
42,019 SF
Asset Type
Office
Closing
Mar 22, 2022
AI
An office space located at 5301 Southwest Pkwy in Austin has recently been leased. The property spans 42,019 square feet and is owned by Drawbridge Realty. Tricentis, a tenant, has entered into a lease agreement for this space.
Summary of transaction details
- Property Type: Office
- Transaction Date: 03/23/2022
- Address: 5301 Southwest Pkwy
- Market: Austin
- Asset Type: Office
- Square Footage: 42,019
The landlord's representation in this deal was provided by Kevin Granger and Matt Frizzell from Cushman & Wakefield. Russell Young from JLL acted as the tenant's representative.
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