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
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