Entrada Partners buys industrial portfolio in Texas
Entrada Partners has bought a four property, 484,369 square foot industrial portfolio in San Antonio. Mission Capital Advisors aranged both the sale and the financing of the assets. Besides, the protfolio’s total occupancy is 88 percent.
Mission Capital Advisors’ Will Sledge and Kyle Kaminski of the asset sales team arranged the transaction on behalf of the seller. Alex Draganiuk and Lexington Henn of the company’s capital debt and equity finance team arranged the non-recourse acquisition loan on behalf of the buyer.
Draganiuk said, “The mortgage was structured interest-only for the first several years, and also featured release prices for the different properties, giving Entrada significant flexibility to execute its business plan.”
The industrial portfolio includes 7402-7648 Reindeer Trail, 1700 Grandstand Drive, 7042 Alamo Downs Parkway and 5405 Bandera Road. Three asset are located within the Interstate 410 loop. Those are close to the interstate in the northwest area of the city, and all are within 4 miles of ıngram Park Mall.
Source: CP Executive
Fulya Altunyay/ [email protected]