Updated Dec 4, 2024
JCB Buys 400-Acre Development Site In San Antonio
13610 State Highway 16 South
Building Size
—
Asset Type
Development Site
Closing
May 3, 2024
About this deal
AI
The sale involved a Development Site spanning 400 acres located at 13610 State Highway 16 South in San Antonio. The property was acquired by Jenna Saucedo-Herrera on behalf of JCB, a prominent English heavy machinery manufacturer. The transaction was facilitated by Dan Gostylo and Phil Crane from Partners CRE.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not Disclosed
- Buyer: Jenna Saucedo-Herrera
- Buyer's Company: JCB
- Seller's Brokers: Dan Gostylo & Phil Crane from Partners CRE
The acquisition of the 400-acre land parcel in San Antonio for a new production facility by JCB is anticipated to result in the creation of up to 1,500 job opportunities. Specifics regarding the construction timeline for the facility remain undisclosed.
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Development Site
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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