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7042 Industrial Way

MDH Partners Acquires Industrial Property In San Antonio, TX For $11.3M
SOLDIndustrial

MDH Partners Acquires Industrial Property In San Antonio, TX For $11.3M

7042 Industrial Way

$11,300,000

$74/SF

Building Size

151,793 SF

Asset Type

Industrial

Closing

Aug 18, 2021

AI

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

Joshua Peck

GFI Realty Services

Broker

$232M

vol

13 deals

Broker
MDH Partners
MDH PartnersBrokerage
MDH Partners
MDH PartnersBuyer

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

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93