Updated Dec 4, 2024
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
About this deal
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