JCB Buys 400-Acre Development Site In San Antonio
13610 State Highway 16 South
Building Size
—
Asset Type
Development Site
Closing
May 3, 2024
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.
Players
San Antonio Development Site Market Snapshot
Boundary boundary · Development Site · Sale 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