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
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