Evergen Equity Acquires Industrial Property In San Antonio From Flasher Equipment
5827 West Us Highway 90
Building Size
211,000 SF
Asset Type
Industrial
Closing
Sep 14, 2023
AI
An industrial property located at 5827 West Us Highway 90 in San Antonio, TX has been sold in a closed transaction. The property spans 211,000 square feet and was sold by Flasher Equipment to the buyer, Evergen Equity, represented by Troy Marcus. The transaction was facilitated by brokers Jeffery Miller and Michael Kelleher from Matthews Real Estate Investment Services.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 5827 West Us Highway 90, San Antonio, TX
- Market: San Antonio, TX
- Buyer: Evergen Equity, represented by Troy Marcus
- Seller: Flasher Equipment
- Brokers: Jeffery Miller & Michael Kelleher - Matthews Real Estate Investment Services
The sale of this industrial property marks a significant transaction in San Antonio's real estate market. The involvement of Evergen Equity, represented by Troy Marcus, highlights their interest in expanding their portfolio. Flasher Equipment, as the seller, saw an opportunity to transfer the asset to a new owner. The successful completion of the deal can be attributed to the efforts of brokers Jeffery Miller and Michael Kelleher from Matthews Real Estate Investment Services.
Players
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