Houston, April 11, 2022 – Colliers announces the sale of a ±40,800 square foot industrial facility located at 8555 Northeast Loop 410 in San Antonio, Texas. Jason Tangen of Colliers represented the buyers, TRECAP Loop 410 Partners, LLC and RAH Santa Fe, LLC, in the transaction. The seller, EJ Morales III Holdings, was represented by Zachary Taylor also of Colliers and Charles W. Hargis of Endura Advisory Group.
The tilt-wall industrial building is situated on 2.09 acres off of the 410 Connally Loop just north of Interstate 10. Built in 1986, the building features 15 front loading docks with three ramps, wet pipe sprinkler system and 100′-120′ truck court. The facility was 30% occupied at the time of the sale and TRECAP Management acquired the asset to hold for investment.
TRECAP Management is a real estate investment, management and advisory services company. They own and manage investment portfolios that are comprised of assets in various property sectors, such as office, retail and industrial.
The property is located in San Antonio’s Northeast industrial submarket. The submarket contains 44 million square feet of industrial space, which is currently 93.8% occupied. Approximately 1.8 million square feet of additional space is under construction in the submarket.
For further information please contact:
Zachary Taylor | Vice President, Houston
+1 713 830 2193 | firstname.lastname@example.org