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206 Oil Rd

Avensis Energy Leases 18,000 SF Industrial Space In Pleasanton At 206 Oil Road
LEASEDIndustrial

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

Carlos Marquez

Partners Real Estate

Broker

11 deals

Broker

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