Made In Cookware Leases 70,000 SF Industrial Space In Selma, TX From Titan Development
17654 Ben E. Keith Wy, Selma, TX, 78...
Building Size
70,000 SF
Asset Type
Industrial
Closing
Nov 24, 2022
AI
The industrial property at 17654 Ben E. Keith Wy, Selma, TX, features a 70,000 square feet space leased by Made in Cookware in a deal with Titan Development. The property is located in the Schertz market and is part of the larger Titan Industrial Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Tenant: Made in Cookware
- Landlord: Titan Development
- Tenant's Rep: Travis Hick(Colliers International)
- Square Feet: 70,000
Robinson Weeks Partners and Titan Development initiated the Selma 3 project within the Titan Industrial Park, marking the third building in the development. With the building expected to be completed in the third quarter of 2023, BOK Financial provided $5 million in construction financing for the project. The industrial park's Selma 2 building, opened in July, currently has 115,000 square feet of available space following leasing agreements with Made in Cookware and Berlin Packaging, adding to the dynamic commercial activity in the area.
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