facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Lease

/

5301 Southwest Parkway, Aus...

Tricentis Leases 42,019 SF Office Space At 5301 Southwest Pkwy In Austin
LEASEDOffice

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

Kevin Granger

Cushman & Wakefield

Broker

4 deals

Broker
DR
Drawbridge RealtyLandlord

Austin Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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