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12296 South US Highway 181

Marcus & Millichap Sells Industrial Facility In San Antonio To Owner-User
SOLDIndustrial

Marcus & Millichap Sells Industrial Facility In San Antonio To Owner-User

12296 South US Highway 181

Building Size

10,825 SF

Asset Type

Industrial

Closing

Aug 16, 2023

AI

Marcus & Millichap has sold a 10,825-square-foot industrial facility on 2.81 acres located at 12296 U.S. Highway 181 in San Antonio, Texas. The property, built in 1965, was successfully acquired by an owner-user despite facing challenges in the market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 10,825
  • Address: 12296 U.S. Highway 181, San Antonio, Texas
  • Market: San Antonio
  • Acres: 2.81

The sale of the industrial facility was facilitated by Adam Abushagur, Tyler Ranft, and Ernesto Melgar Campos, brokers from Marcus & Millichap. Their expertise and diligent efforts led to the successful transaction, finding an owner-user for the property despite the challenges encountered during the process.

Players

Adam Abushagur

Marcus & Millichap

Broker

$97.3M

vol

44 deals

Broker

San Antonio 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93