Welcome Group Acquires Industrial Property On Farinon Drive In San Antonio
6203 Farinon Drive, San Antonio, Texas 78249, United States
Building Size
80,431 SF
Asset Type
Industrial
Closing
Feb 21, 2022
AI
An industrial property located at 6203 Farinon Drive in San Antonio has been sold in a recent transaction. The property spans approximately 80,431 square feet and sits on 12 acres of land. The sale took place on February 22, 2022, with the buyer being Welcome Group and the seller's representative being John Taylor from JLL.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 6203 Farinon Drive
- Market: San Antonio
- Size: 80,431 square feet
- Acres: 12
Ryan Wasaff, Cole Bercher, and John Wilson from Welcome Realty Advisors represented the buyer, Welcome Group, in the transaction. Additionally, John Taylor from JLL served as the seller's representative. Further details regarding the deal were not provided in the available information.
Players
San Antonio 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