KKR Acquires Industrial Property In San Antonio From Hines
2214 Corner Ridge, San Antonio, Texas 78219, United States
Building Size
576,047 SF
Asset Type
Industrial
Closing
Jun 1, 2022
AI
The industrial property located at 2214 Corner Ridge in San Antonio has been sold. The property spans a total area of 576,047 square feet. The transaction took place on June 2, 2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not disclosed
The buyer of the property is KKR, while the seller is Hines. The deal was facilitated by brokers Trent Agnew, Dustin Volz, Dom Espinosa, Josh Villarreal, and Zach Riebe from JLL.
San Antonio Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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