Updated Nov 28, 2024
Hines Global Acquires Industrial Property In Schertz For $129.2M
6000 Schertz Parkway, Schertz, TX, USA
$129,200,000
$102/SF
Building Size
1,262,294 SF
Asset Type
Industrial
Closing
Dec 13, 2020
About this deal
AI
6000 Schertz Parkway, located in Schertz, was recently sold in a closed transaction. This industrial property spans 1,262,294 square feet and was sold for an impressive sale price of $129,200,000. The buyer in this transaction was Hines Global, represented by Omar Thowfeek.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $129,200,000
- Square Footage: 1,262,294
- Address: 6000 Schertz Parkway
- Market: Schertz
Omar Thowfeek, representing Hines Global, played a crucial role in this deal. His expertise and negotiation skills facilitated the successful acquisition of this high-value industrial property.
Players
Schertz 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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93