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
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.
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