Updated Oct 29, 2024
NCA Realty Partners Acquires Connection Park Logistics Center In San Antonio For $34M Loan
6851 Cal Turner Drive
$34,000,000
$69/SF
Building Size
490,093 SF
Asset Type
Industrial
Closing
Sep 14, 2023
About this deal
AI
The Connection Park Logistics Center, a 490,093-square-foot industrial property located at 6851 Cal Turner Drive in San Antonio, has been acquired by NCA Realty Partners in partnership with CAPSTAR Real Estate Advisors. The property has an appraised value of $27.6 million and was purchased from Triten Real Estate Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $34,000,000
- Landlord: NCA Realty Partners - William Petak; CAPSTAR Real Estate Advisors
- Loan Type: Acquisition Loan
NCA Realty Partners, in collaboration with CAPSTAR Real Estate Advisors, secured $34 million in financing for the acquisition of the Connection Park Logistics Center. The loan amount will be used to fund the purchase of the industrial property in San Antonio, further expanding NCA Realty Partners' portfolio.
Players
San Antonio 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93