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
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