BentallGreenOak Leases 175562 Square Feet To UPS Supply Chain Solutions In Schertz
17445 Lookout Rd, Selma, TX, 78154
Building Size
175,562 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
UPS Supply Chain Solutions has signed a lease for a property consisting of 175,562 square feet located at 17445 Lookout Rd, Selma, TX, 78154, in the Schertz market. The property is part of Enterprise Industrial Park and will accommodate the tenant in its entirety within Building VII.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Landlord: BentallGreenOak
- Tenant: UPS Supply Chain Solutions
- Landlord's Representatives: Kyle Kennan -Partners, Johnny Blue Craig, Jr -Matthews Real Estate Investment Services, Carlos Marquez -NAI Capital, John P. Duffy, Jr -Cushman & Wakefield
- Market: Schertz
The lease negotiations were conducted by John Colglazier along with Carlos Marquez and Kyle Kennan, representing the landlord in this transaction. The Dallas-based brokerage firm ESRP represented the tenant throughout the leasing process.
Players
Schertz 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