CA Investor Enters San Antonio Industrial Market
- Nov 07, 2017
California-based St. Clair Commercial Real Estate (SCCR) acquired a San Antonio manufacturing facility in an off-market transaction from a private seller. Financial details about the transaction remain undisclosed.
The 171,145-square-foot property is located in northeast of San Antonio, at the intersection of Interstate 10 and the 410 Loop. The industrial asset presents significant value-add opportunities: SCCR intends to reposition 102,000 square feet for lease.
The manufacturing property features:
- 4,000 amps of fully distributed power
- 100 percent HVAC in the production and warehouse areas
- 20,000 square feet of office space
- backup power generation
- a halon suppression system in the server room
- 5-acre side yard
Senior Associate Omar Nasser and Vice President Andrew Price with Peloton led the leasing efforts. Peloton has also been retained as property manager of the facility. Ledo Capital Group facilitated equity placement, and Wells Fargo provided mortgage debt.
Image courtesy of St. Clair Commercial Real Estate