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1603 Clovis R. Barker Road

Palladius Capital Management Provides $26.1M Acquisition Loan In San Marcos
FINANCEDIndustrial

Palladius Capital Management Provides $26.1M Acquisition Loan In San Marcos

1603 Clovis R. Barker Road

$26,121,000

$122/SF

Building Size

213,817 SF

Asset Type

Industrial

Closing

May 9, 2024

AI

The industrial property located at 1603 Clovis R. Barker Road in San Marcos, spanning 213,817 square feet, was involved in an acquisition loan transaction. The loan amount for this transaction was $26,121,000.

Summary of transaction details:

The key individuals and entities involved in this transaction include Steven Denholtz from Denholtz Properties as the landlord and Palladius Capital Management as the lender. Representing the deal were John Beeler, Jon Mikula, Michael Johnson, and Michael Klein from JLL.

Players

Michael Klein

JLL

Broker

$2.6B

vol

77 deals

Broker
Palladius Capital Management
Palladius Capital ManagementLender

San Marcos Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93