SOLD
Industrial Commercial Properties Purchase 1 Fanatical Place Industrial In San Antonio
1 Fanatical Place
Industrial
1,600,000 SF
1,600,000 SF
Sold 45 days ago
Summary
Sale
TEXAS
Industrial
1,600,000 sqft
The former Rackspace headquarters in Windcrest near San Antonio has been acquired by Industrial Commercial Properties (ICP) for $21 million. The property, located at 1 Fanatical Place, spans 1,600,000 square feet. The sale price equated to approximately $13 per square foot, marking the beginning of a $21.5 million redevelopment project into the Windcrest International Business Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Buyer: Christopher Semarjian & Keith Brandt - Industrial Commercial Properties
- Address: 1 Fanatical Place
- Market: San Antonio
Industrial Commercial Properties (ICP) secured $2.8 million in incentives from Bexar County to facilitate the redevelopment project. The endeavor aims to create 600 jobs and enhance the region's economic diversification efforts, capitalizing on San Antonio's reputation as a trade hub.
Details
SOLD
IMAGE: Christopher Semarjian & Keith Brandt
DATE: 03/22/2024
ADDRESS: 1 Fanatical Place
MARKET: San Antonio
ASSET TYPE: Industrial
BUYER: Christopher Semarjian & Keith Brandt - Industrial Commercial Properties
SALE PRICE: $21,000,000
SF: 1,600,000 ~ PPSF: $13
NOTE: Industrial Commercial Properties (ICP) acquired the former Rackspace headquarters in Windcrest near San Antonio for $21 million, planning a $21.5 million redevelopment into the Windcrest International Business Park, expected to create 600 jobs. With $2.8 million in incentives from Bexar County, the project aims to diversify the area's economy, leveraging San Antonio's trade hub status.View on map
Loading...
Address1 Fanatical Place
Comparables
Reset filters to show results.