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6600 Lancer Boulevard

U.S. Foods Leases 10 Acres Of Industrial Space From DryPort Capital In San Antonio
LEASEDIndustrial

U.S. Foods Leases 10 Acres Of Industrial Space From DryPort Capital In San Antonio

6600 Lancer Boulevard

Building Size

Asset Type

Industrial

Closing

Aug 13, 2024

AI

The asset involved in this transaction is an industrial property located at 6600 Lancer Boulevard in San Antonio. It encompasses a total of 10 acres, featuring a seven-acre truck parking area and a 2,000-square-foot office. The facility serves as an outdoor storage space leased by U.S. Foods.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 6600 Lancer Boulevard
  • Market: San Antonio
  • Acres: 10
  • Landlord: DryPort Capital
  • Tenant: U.S. Foods
  • Landlord's Representative: Ty Bragg - Cavender & Hill
  • Tenant's Representative: Rob Burlingame - CBRE

Ty Bragg represented the landlord, DryPort Capital, while Rob Burlingame represented the tenant, U.S. Foods, in this leasing transaction. This lease marks a strategic decision for U.S. Foods as they utilize the space for their operational needs.

Players

Rob Burlingame

CBRE

Broker

4 deals

Broker

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