LEASEDOffice
JLL Represents Barings In Long-Term Office Lease At 701 Rio Grande St In Austin
701 Rio Grande Street, Austin, Texas 78701, United States
Building Size
124,000 SF
Asset Type
Office
Closing
Mar 15, 2022
About this deal
AI
Barings has leased an office space located at 701 Rio Grande St in Austin. The property spans 124,000 square feet and was leased on a long-term basis.
Summary of transaction details
- Property Type: Office
- Transaction Date: 03/16/2022
- Address: 701 Rio Grande St
- Market: Austin
- Landlord: Deb Schwartz - Barings
- Brokers: Rachel Coulter, Travis Rogers & Kevin Kimbrough - JLL
- Lease Terms: Long-term
The lease was facilitated by JLL's brokers Rachel Coulter, Travis Rogers, and Kevin Kimbrough. Deb Schwartz represented Barings during the transaction.
Players
BaringsLandlord
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