Quality Custom Distribution Leases 116176 Square Feet From Baltisse-Ackerman Schertz LLP In Schertz
9870 Doerr Ln, Schertz, TX, 78154
Building Size
116,176 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
A 116,176-square-foot industrial lease has been negotiated for a property located at 9870 Doerr Ln, Schertz, TX, 78154, in the Schertz market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not Specified
- Address: 9870 Doerr Ln, Schertz, TX, 78154
- Market: Schertz
- Landlord: Baltisse-Ackerman Schertz LLP
- Tenant: Quality Custom Distribution
- Landlord's Representatives: Kyle Kennan - Partners, Johnny Blue Craig, Jr - Matthews Real Estate Investment Services, Carlos Marquez - NAI Capital, John A. Topping Jr - Global Real Estate Advisors (GREA)
- Tenant's Representative: Sergio Acosta - Cushman & Wakefield
This lease was facilitated by John Colglazier, Kyle Kennan, and Carlos Marquez, who represented the landlord during the negotiations. Sergio Acosta represented the interests of the tenant in finalizing the lease transaction.
Players
Schertz 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