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7230 North Loop 1604 East

Updated Dec 4, 2024

Ross Stores, Inc. Leases Industrial Space In San Antonio For Distribution Center
LEASEDIndustrial

Ross Stores, Inc. Leases Industrial Space In San Antonio For Distribution Center

7230 North Loop 1604 East

Building Size

152,000 SF

Asset Type

Industrial

Closing

Nov 2, 2023

About this deal

AI

Ross Stores, Inc. has secured a lease for industrial space in San Antonio, marking its first distribution center in the area. The space, located at 7230 North Loop 1604 East, spans 152,000 square feet, making it a substantial asset in the market. This lease is the largest in the third quarter and reflects the increasing presence of retail users in the industrial market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 7230 North Loop 1604 East, San Antonio
  • Square Footage: 152,000
  • Tenant: Ross Stores, Inc.
  • Tenant's Representative: Barbara Rentler

This lease agreement is a significant milestone for Ross Stores, Inc., as it expands its operations into San Antonio. Barbara Rentler, the representative for Ross Stores, Inc., played a crucial role in negotiating and finalizing this deal. The decision to lease industrial space reflects the company's growth strategy and the rising demand for retail distribution centers in the region.

Note: Ross Stores, commonly known as Ross Dress For Less, has leased industrial space in San Antonio, marking its first distribution center in the area. The lease, the largest in the third quarter, reflects the growing presence of retail users in the industrial market.

Players

Worcester 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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