Updated Sep 2, 2026
CanTex Capital Acquires 18,535 Square Foot Industrial Property In New Braunfels From SRS Distribution
7570 Interstate Highway 35
Building Size
18,535 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
An industrial building located at 7570 Interstate 35 in New Braunfels, Texas, has been sold. The property encompasses an area of 18,535 square feet and is situated on six acres of land. This asset is part of the industrial market segment.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 18,535 SF
- Acres: 6
- Address: 7570 Interstate 35
- Market: New Braunfels, TX
- Buyer: Romy Cheema - CanTex Capital
- Broker: Patrick Cromwell - Savills
Romy Cheema of CanTex Capital represented the buyer in this transaction, with Patrick Cromwell of Savills serving as the broker for CanTex Capital. This acquisition marks CanTex Capital's first venture into the Austin-San Antonio corridor, enhancing its industrial outdoor storage portfolio. The property is leased to SRS Distribution's Rock Materials division.
Players
Intercity 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