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17654 Ben E. Keith Wy, Selm...

Made In Cookware Leases 70,000 SF Industrial Space In Selma, TX From Titan Development
LEASEDIndustrial

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

Travis Hick

Colliers

Broker

1 deal

Broker
TD
Titan DevelopmentLandlord

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