MDH Partners Acquires Industrial Property In San Antonio, TX For $11.3M
SOLD
$11,300,000
Texas
See Similar DealsIndustrial151,793 SF
Sold 08/18/2021
SOLD
MDH Partners Acquires Industrial Property In San Antonio, TX For $11.3M
7042 Industrial Way
See Similar DealsIndustrial151,793 SF
Sold 08/18/2021
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$74
Total Square Footage:151,793 SF
Transaction Type:Sale
The industrial property located at 7042 Industrial Way in San Antonio, TX has been sold for a price of $11,300,000. The property encompasses 151,793 square feet and was acquired by MDH Partners. The sale price equates to a per square foot rate of $74.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,300,000
- Square Footage: 151,793
- Address: 7042 Industrial Way, San Antonio, TX
- Market: San Antonio, TX
The seller of the property was IGX Industrial Group Southwest, represented by Ron Mills. The buyer, MDH Partners, was represented by Joshua Peck and Susan Annis of GFI Realty.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$602,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
Annual Debt Service$642,813.18
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