Avensis Energy Leases 18,000 SF Industrial Space In Pleasanton At 206 Oil Road
206 Oil Rd
Building Size
18,000 SF
Asset Type
Industrial
Closing
Mar 13, 2024
AI
An 18,000-square-foot industrial property located at 206 Oil Road in Pleasanton was recently leased by Avensis Energy. The asset is situated in the Pleasanton market, about 40 miles south of San Antonio. The lease was facilitated by Partners Real Estate's Brian Heines and Carlos Marquez, representing the landlord, Four Seasons Business Park II Ltd, and Sonit Seth of The Seth Brothers Team, representing the tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 206 Oil Road
- Market: Pleasanton
The lease deal at 206 Oil Road in Pleasanton involved Avensis Energy, the tenant, and Four Seasons Business Park II Ltd, the landlord. Brian Heines and Carlos Marquez of Partners Real Estate acted as the landlord's representatives, while Sonit Seth from EXP Realty's The Seth Brothers Team served as the tenant's representative.
Players
Pleasanton 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