Mears Installation Leases Industrial Space In San Antonio
8034 NE Interstate 410 Loop San Antonio, TX 78219, USA
Building Size
26,436 SF
Asset Type
Industrial
Closing
Aug 8, 2023
AI
An industrial property located at 8034 Northeast Loop 410 in San Antonio has been leased in a closed transaction. The property spans 26,436 square feet and is owned by Harbor Capital.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 8034 Northeast Loop 410
- Market: San Antonio
- Landlord: Harbor Capital
- Tenant: Mears Installation
- Landlord's Representative: Stan Nowak - Avison Young
- Lease Term: Aggregate contractual rent: $3.4MM+
The lease agreement was facilitated by Stan Nowak from Avison Young, representing Harbor Capital. Mears Installation will be occupying the leased industrial property.
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