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
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