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2214 Corner Ridge, San Anto...

KKR Acquires 576047 SF Property At 2214 Corner Ridge San Antonio With Josh Villarreal As Seller's Representative
SOLDIndustrial

KKR Acquires 576047 SF Property At 2214 Corner Ridge San Antonio With Josh Villarreal As Seller's Representative

2214 Corner Ridge, San Antonio, TX...

Building Size

576,047 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 2214 Corner Ridge, San Antonio, TX, and is an industrial park consisting of 576,047 square feet. The park includes four industrial buildings that feature a cross-dock, a front-load, and two rear-load configurations. These buildings have clear heights ranging from 28 to 32 feet, 28 to 60-foot dock high doors, and truck court depths of 130 to 210 feet. The site is situated in the San Antonio market.

Summary of transaction details:

  • Property Type: Industrial Park
  • Transaction Amount: Undisclosed
  • Address: 2214 Corner Ridge, San Antonio, TX
  • Market: San Antonio
  • Square Footage: 576,047
  • Buyer: KKR
  • Seller: Houston-based Hines
  • Seller's Representative: Josh Villarreal (JLL)
  • Other Representatives: Trent Agnew, Dustin Volz, Dom Espinosa, Zach Riebe (JLL)

The transaction was brokered by JLL, which represented the seller, Houston-based Hines. The deal was facilitated by a team from JLL including Trent Agnew, Dustin Volz, Dom Espinosa, and Zach Riebe, alongside Josh Villarreal, who played a key role as the seller's representative. KKR, a global investment firm, was the acquiring party.

Players

Josh Villarreal

JLL

Broker

4 deals

Broker
KKR
KKRBuyer
KKR
KKRLender

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