Nigel Morton Acquires Industrial Asset At 701 San Fernando Street From Buzz Miller
701 San Fernando Street
$2,800,000
$88/SF
Building Size
31,528 SF
Asset Type
Industrial
Closing
Sep 27, 2024
AI
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
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93