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6603 First Park Ten, San An...

Welcome Group Acquires Industrial Property In San Antonio From Transwestern
SOLDIndustrial

Welcome Group Acquires Industrial Property In San Antonio From Transwestern

6603 First Park Ten, San Antonio, Texas 78213, United States

Building Size

43,860 SF

Asset Type

Industrial

Closing

Feb 21, 2022

AI

An industrial property located at 6603 First Park Ten Blvd in San Antonio has been sold. The property spans approximately 43,860 square feet and sits on 5 acres of land.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 6603 First Park Ten Blvd, San Antonio
  • Market: San Antonio
  • Square Footage: 43,860
  • Acres: 5

The buyer of the property is the Welcome Group, represented by Ryan Wasaff from Welcome Realty Advisors, as well as Cole Bercher and John Wilson from the Welcome Group. The seller's representative in the transaction is Luis Garza from Transwestern.

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