facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

North Foster Road, San Anto...

McLane Foodservice Distribution Inc. Leases 248,500 SF Industrial Space In San Antonio
LEASEDIndustrial

McLane Foodservice Distribution Inc. Leases 248,500 SF Industrial Space In San Antonio

North Foster Road, San Antonio, TX, USA

Building Size

248,500 SF

Asset Type

Industrial

Closing

Mar 16, 2021

AI

Fred Deal, Michael Quint, and Adam Faulk facilitated a lease deal for an industrial property in San Antonio. The transaction took place on March 17, 2021, and the property is located at N. Foster Road @ Lancer Blvd. The asset type is industrial, with a total square footage of 248,500. The tenant in this lease is McLane Foodservice Distribution Inc., while Foster Ridge M Owner LLC acts as the landlord. The tenant's representatives in the deal were Fred Deal, Bob Luttrell, Michael Quint, and Adam Faulk from Newmark, and the landlord was represented by Cavender & Hill.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 03/17/2021
  • Address: N. Foster Road @ Lancer Blvd
  • Market: San Antonio
  • Square Footage: 248,500 SF
  • Tenant: McLane Foodservice Distribution Inc.
  • Landlord: Foster Ridge M Owner LLC
  • Tenant's Representatives: Fred Deal, Bob Luttrell, Michael Quint, and Adam Faulk - Newmark
  • Landlord's Representative: Cavender & Hill

Players

Fred Deal

Newmark

Broker

1 deal

Broker

San Antonio Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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