FINANCED
Frost Bank Provides $25.7M Acquisition Loan For Welcome Wilson, Jr's Industrial Purchase
4666 West US Highway 90
Industrial
352,000 SF
352,000 SF
Financed 77 days ago
Summary
Loan
TEXAS
Industrial
352,000 sqft
The Mid City Industrial Park in San Antonio, located at 4666 West US Highway 90, comprises over 352,000 square feet of industrial space. The property was acquired by Welcome Group from Phelan Development, with one of the buildings fully leased to Electronic Data Centers, while the rest of the buildings are currently vacant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $25,700,000
- Lender: Frost Bank
- Landlord: Welcome Wilson, Jr - Welcome Group
- Asset Size: 352,000 square feet
- Market: San Antonio
- Loan Type: Acquisition Loan
Frost Bank provided the financing of $25.7 million for Welcome Group's acquisition of the Mid City Industrial Park. Welcome Wilson, Jr, from the Welcome Group, acted as the landlord in the transaction.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Welcome Wilson, Jr
DATE: 02/22/2024
ADDRESS: 4666 West US Highway 90
MARKET: San Antonio
ASSET TYPE: Industrial ~ SF: 352,000
LENDER: Frost Bank (@FrostBank)
LANDLORD: Welcome Wilson, Jr - Welcome Group
LOAN AMOUNT: $25,700,000
LOAN TYPE: Acquisition Loan
NOTE: Frost Bank provides $25.7M financing for Welcome Group's purchase of Mid City Industrial Park in San Antonio, comprising over 352,000 sq ft at 4666 U.S. Highway 90 from Phelan Development. One building, fully leased to Electronic Data Centers, included in the acquisition; others vacant.View on map
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Address4666 West US Highway 90
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