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
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