Miro Leases 72,000 SF Office Space At Colorado Tower In Austin With Landlord Cousins Properties
303 Colorado Street, Austin, TX 78701, USA
Building Size
72,000 SF
Asset Type
Office
Closing
Nov 10, 2021
About this deal
AI
The lease transaction involving the office property at Colorado Tower, located at 303 Colorado St, Austin, TX 78701, has been completed. The property spans a total area of 72,000 square feet. The lease agreement was signed on November 10, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 11/10/2021
- Address: 303 Colorado St, Austin, TX 78701
- Market: Austin
- Property Size: 72,000 square feet
The landlord for the property is Cousins Properties, represented by Colin Connolly. The tenant for the lease is Miro. The lease transaction was facilitated by JLL.
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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