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5442 Center Run

Updated Dec 4, 2024

VanTrust Real Estate Signs Major Manufacturer Lease For 100000 Square Feet In San Antonio
LEASEDIndustrial

VanTrust Real Estate Signs Major Manufacturer Lease For 100000 Square Feet In San Antonio

5442 Center Run

Building Size

100,000 SF

Asset Type

Industrial

Closing

Oct 17, 2024

About this deal

AI

The property asset involved in the transaction is located at 5442 Center Run Road in San Antonio. It is an industrial asset with a total square footage of 100,000. The property is part of the Cornerstone Commerce Center, which recently saw the delivery of two Class A buildings. There is significant space still available for lease, as the development plans include an expansion of an additional 400,000 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 5442 Center Run Road
  • Market: San Antonio
  • Landlord: Bill Baumgardner - VanTrust Real Estate
  • Brokers: Joshua Aguilar & Rob Burlingame - CBRE

The deal involved VanTrust Real Estate signing a major manufacturer to lease over 100,000 square feet at Building A. CBRE arranged this transaction, facilitating the agreement for the landlord. The ongoing development at the site highlights VanTrust's commitment to expanding industrial space in the market.

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Industrial

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Players

Joshua Aguilar

CBRE

Broker

$30M

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7 deals

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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

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