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:
- Property Type: Industrial
- Transaction Amount: $26,121,000
- Address: 1603 Clovis R. Barker Road
- Market: San Marcos
- Lender: Palladius Capital Management
- Landlord: Steven Denholtz - Denholtz Properties
- Brokers: John Beeler, Jon Mikula, Michael Johnson & Michael Klein - JLL
- Loan Type: Acquisition Loan
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
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