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2651 Leah Avenue

Will Hedges & Keith Gabrielson Of Triten Real Estate Partners Acquire 175,000 SF Industrial Land In San Marcos
SOLDIndustrial

Will Hedges & Keith Gabrielson Of Triten Real Estate Partners Acquire 175,000 SF Industrial Land In San Marcos

2651 Leah Avenue

Building Size

175,000 SF

Asset Type

Industrial

Closing

Jun 8, 2026

AI

The property asset involved in the transaction is 2651 Leah Avenue, located in San Marcos. This industrial land for development encompasses a total of 175,000 square feet.

Summary of transaction details:

  • Property Type: Industrial Land for Development
  • Transaction Amount: Not disclosed
  • Address: 2651 Leah Avenue
  • Market: San Marcos
  • Buyer: Will Hedges & Keith Gabrielson
  • Buyer Company: Triten Real Estate Partners
  • Seller Broker Representatives: Travis Hicks, Chase Clancy & Michael Modesett
  • Seller Broker Company: Colliers
  • Leasing Speculative Development: The HPI Real Estate Services & Investments

The key individuals involved in this transaction are Will Hedges and Keith Gabrielson, representing Triten Real Estate Partners. They acquired the property from a seller represented by Travis Hicks, Chase Clancy, and Michael Modesett from Colliers, who handled the brokerage aspect of the deal.

Players

HPI Real Estate Services & Investments
HPI Real Estate Services & InvestmentsBrokerage

Brooks Benkendorfer

HPI Real Estate Services & Investments

Broker

1 deal

Broker

Will Hedges

Triten Real Estate Partners

Buyer

4 deals

Buyer

San Marcos 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