Edwin Buster Acquires Industrial Property From Mark Smith At 119 HP Business Dr in San Marcos
119 HP Business Dr
$1,800,000
$180/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Sep 25, 2024
AI
The property asset involved in this transaction is an industrial facility located at 119 HP Business Dr in the San Marcos market. It encompasses a total square footage of 10,000. The transaction was completed on September 25, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 119 HP Business Dr
- Market: San Marcos
- Square Footage: 10,000
- Buyer: Edwin Buster
- Seller: Mark Smith
- Broker Representatives: Jeffery Miller & Michael Kelleher - Matthews Real Estate Investment Services
This transaction highlights the involvement of Edwin Buster as the buyer and Mark Smith as the seller. The deal was facilitated by the brokerage team of Jeffery Miller and Michael Kelleher from Matthews Real Estate Investment Services, representing the interests of the parties involved.
Players
San Marcos Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93