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168 Park 35 Cove North

Alterra IOS Acquires Two Industrial Properties In Buda And San Antonio Totaling 33,500 SF
SOLDIndustrial

Alterra IOS Acquires Two Industrial Properties In Buda And San Antonio Totaling 33,500 SF

168 Park 35 Cove North & 5400 West Us Highway 90

Building Size

67,000 SF

Asset Type

Industrial

Closing

May 13, 2025

AI

The transaction involved the acquisition of two industrial properties located at 168 Park 35 Cove North and 5400 US Highway 90, with a total of 33,500 square feet of warehouse space and 8.7 usable acres. The properties are situated in the Buda and San Antonio markets, strategically placed near major transportation hubs.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 168 Park 35 Cove North & 5400 US Highway 90
  • Market: Buda & San Antonio
  • Square Footage: 33,500
  • Acres: 8.7
  • Buyer: Leo Addimando, Matthew Pfeiffer, Jeff Pustizzi & Mark Gannon - Alterra IOS

Alterra IOS's acquisition reflects its strategic focus on targeting high-growth markets, particularly the Austin-San Antonio corridor, enhancing its portfolio with these two properties.

Players

Leo Addimando

Alterra IOS

Buyer

$675.2M

vol

13 deals

Buyer
AI
Alterra IOSBuyer

Buda 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