KW Automotive Leases 74,880 SF Industrial Space In Selma, TX
9388 Corporate Drive
Building Size
74,880 SF
Asset Type
Industrial
Closing
Jun 28, 2024
AI
The industrial property at 9388 Corporate Drive in Selma, TX, near San Antonio, spanning 74,880 square feet, has been leased by KW Automotive. The landlords, Ackerman & Co. and Baltisse US Inc., orchestrated the deal, while partners-real-estate'>partners-real-estate'>Partners Real Estate acted as the representation for the landlord, and partners'>SRS Real Estate Partners represented KW Automotive.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Landlord: Ackerman & Co. & Baltisse US Inc.
- Tenant: KW Automotive
- Landlord's Rep: David Oldham, Lindsey Tucker, John Colglazier & Kyle Kennan - partners-real-estate'>Partners Real Estate
- Tenant's Rep: Drew Allen & Webb Sellers - partners'>SRS Real Estate Partners
The lease of the 74,880-square-foot industrial space at 9388 Corporate Drive was successfully coordinated by the involved parties. David Oldham, Lindsey Tucker, John Colglazier, and Kyle Kennan of partners-real-estate'>Partners Real Estate were instrumental for the landlords, while Drew Allen and Webb Sellers of partners'>SRS Real Estate Partners played a crucial role in representing KW Automotive in the transaction.
Players
Selma 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