Nigel Morton Acquires Industrial Asset At 701 San Fernando Street From Buzz Miller
SOLD
$2,800,000
Texas
See Similar DealsIndustrial31,528 SF
Sold 09/27/2024
SOLD
Nigel Morton Acquires Industrial Asset At 701 San Fernando Street From Buzz Miller
701 San Fernando Street
See Similar DealsIndustrial31,528 SF
Sold 09/27/2024
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$88
Total Square Footage:31,528 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 701 San Fernando Street in the San Antonio market. The property spans 31,528 square feet and was sold from Buzz Miller to Nigel Morton.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 701 San Fernando Street
- Market: San Antonio
- Buyer: Nigel Morton
- Seller: Buzz Miller
- Brokers: Jeffery Miller & Michael Kelleher - Matthews Real Estate Investment Services
The brokers facilitating the deal are Jeffery Miller and Michael Kelleher, representing Matthews Real Estate Investment Services. They played a key role in bringing together the buyer, Nigel Morton, and the seller, Buzz Miller, to complete this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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