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
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