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1603 Clovis R. Barker Road

Jordan Wean Of Denholtz Properties Leases 31,760 SF To OTC Industrial Technologies In San Marcos
LEASEDIndustrial

Jordan Wean Of Denholtz Properties Leases 31,760 SF To OTC Industrial Technologies In San Marcos

1603 Clovis R. Barker Road

Building Size

31,760 SF

Asset Type

Industrial

Closing

Dec 5, 2024

AI

An industrial property measuring 31,760 square feet is located at 1603 Clovis R. Barker Road in the San Marcos market. This property is part of Clovis Crossing, a newly constructed industrial facility encompassing a total of 213,125 square feet.

Summary of transaction details:

This lease agreement was signed to facilitate OTC Industrial Technologies' expansion in the filtration division. The space will be utilized for the warehousing and distribution of industrial and HVAC filters.

Players

Carter Thurmond

Endeavor Real Estate Group

Broker

10 deals

Broker

San Marcos 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