Ervin Cable Construction Leases Industrial Property In San Antonio At 1026 Brussels St
1026 Brussels Street
Building Size
11,400 SF
Asset Type
Industrial
Closing
Mar 6, 2024
AI
An industrial property spanning 11,400 square feet located at 1026 Brussels Street in San Antonio has been leased. The property, built in 2004, features showroom and office spaces.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1026 Brussels Street
- Market: San Antonio
Gary Ervin's Ervin Cable Construction secured the lease for the industrial property. Representing the landlord on this deal were Brian Heines and Carlos Marquez from Partners Real Estate, while Kent Jones acted as the tenant's representative.
Players
San Antonio Industrial Market Snapshot
Boundary boundary · Industrial · 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