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6203 Farinon Drive, San Ant...

Welcome Group Acquires Industrial Property On Farinon Drive In San Antonio
SOLDIndustrial

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

Ryan Wasaff

Welcome Group

Broker

9 deals

Broker
Welcome Group
Welcome GroupBuyer

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