Updated Oct 28, 2024
XPEL Inc. Leases 115,825 SF Industrial Space In San Antonio From Stonelake Capital Partners
3215 North PanAm Expressway, San Antonio, TX, USA
Building Size
115,825 SF
Asset Type
Industrial
Closing
Apr 25, 2021
About this deal
AI
Located at 3215 North PanAm Expressway in San Antonio, this industrial property spans a total of 115,825 square feet. The lease agreement was signed on April 26, 2021, and the tenant occupying the space is XPEL Inc. represented by Ryan Pape. Stonelake Capital Partners, represented by John A. Kiltz and Kenneth E. Aboussie, serves as the landlord.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 04/26/2021
- Address: 3215 North PanAm Expressway
- Market: San Antonio
- SF: 115,825
- Tenant: XPEL Inc. - Ryan Pape
- Landlord: Stonelake Capital Partners - John A. Kiltz & Kenneth E. Aboussie
Ryan Pape represented XPEL Inc. as their broker in this lease agreement with Stonelake Capital Partners. Both John A. Kiltz and Kenneth E. Aboussie represented Stonelake Capital Partners as the landlords in the deal.
Players
San Antonio Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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