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804 Las Cimas Parkway, Aust...

Epicor Software Leases Office Space In Austin's Las Cimas Pkwy
LEASEDOffice

Epicor Software Leases Office Space In Austin's Las Cimas Pkwy

804 Las Cimas Parkway, Austin, Texas 78746, United States

Building Size

45,496 SF

Asset Type

Office

Closing

Aug 30, 2022

AI

A lease transaction has taken place in Austin. The property involved is an office space located at 804 Las Cimas Pkwy, with a total area of 45,496 square feet. The lease was signed on 08/31/2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 08/31/2022
  • Address: 804 Las Cimas Pkwy
  • Market: Austin
  • Total Square Footage: 45,496 SF

The landlord for this lease is Rockpoint and the tenant is Epicor Software. Representing the landlord in this transaction were Kevin Granger and Brian Liverman from Cushman & Wakefield. On the tenant's side, Nate Stricklen and John Gump from CBRE acted as the tenant's representatives.

Players

Nate Stricklen

CBRE

Broker

5 deals

Broker
Rockpoint Group
Rockpoint GroupLender

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