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9388 Corporate Drive

KW Automotive Leases 74,880 SF Industrial Space In Selma, TX
LEASEDIndustrial

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:

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

John Colglazier

Partners

Broker

3 deals

Broker

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