San Antonio, TX — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of a 211,000-square-foot warehouse at 5827 US Highway 90, San Antonio, Texas. Matthews™ Associate Vice President Jeff Miller and Associate Michael Kelleher represented the buyer in the transaction.
Flasher Equipment Co. is a current tenant of the warehouse, which they use as the headquarters for their local equipment rentals. Evergen Equity, the buyer, plans to renovate available space to attract new tenants.
“We were able to provide Flasher Equipment with a quick and seamless off-market transaction, and now we can deliver much-needed industrial supply in the dynamic Highway 90 corridor while continuing to grow our presence in the San Antonio industrial market,” Evergen Equity founder and CEO Troy Marcus told the San Antonio Business Journal.
The industrial space spans 23 acres and was originally built in 1969, and was renovated in 2021. The property previously housed Levi Strauss and Co., serving as a finishing plant until 1990.
“In a challenging market and economy, deals like this don’t happen by accident. It takes clear communication by all parties involved and a willingness to work together. With the asset’s strategic positioning just off the highway and 2.5 hours from Laredo, the property provides a rare opportunity for future tenants,” said Miller.
For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 20+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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