Updated Dec 4, 2024
King Of Padel Leases Industrial Space At 314 Nolan St In San Antonio
314 Nolan Street
Building Size
100,000 SF
Asset Type
Industrial
Closing
Mar 19, 2024
About this deal
AI
The industrial property located at 314 Nolan Street in San Antonio, consisting of 100,000 square feet, was leased in a recent transaction. The landlord, Davies Entertainment, secured a deal with the tenant, King Of Padel, for the industrial space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 314 Nolan Street
- Market: San Antonio
- Tenant: King Of Padel
- Landlord: Davies Entertainment
- Landlord's Rep: Jeremy Jessop - JJ Real Co.
- Tenant's Rep: Antonio Parra - AP Consulting; John Duvall - Duvall & Co.
Antonio Parra from AP Consulting and John Duvall from Duvall & Co. represented King Of Padel in the leasing transaction, while Jeremy Jessop from JJ Real Co. served as the representative for Davies Entertainment, the landlord.
Players
San Antonio 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