CBRE National Partners Arrange Sale of 313,239 Sq. Ft. Distribution Center in San Antonio

CBRE announced the sale of San Antonio Infill Distribution Center, a 313,239 sq. ft. multi-tenant warehouse in San Antonio. The property is located at Two Winnco Dr. in Northeast San Antonio. Evergen Equity purchased the property from GSK Industrial for an undisclosed price.

Elliott Dow, Jonathan Bryan, Randy Baird, Ryan Thornton, Nathan Wynne, and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller.

Located at the convergence of I-410 and I-35, the distribution center has unparalleled access to the region’s main thoroughfares. Sitting on 22 acres, the property has 150’-165’ truck courts, several in place demising walls with cased openings, tri load design, multiple office pods, five points of entry, and ample trailer and car parking.

The property is fully leased to H-E-B and Fluor with over 5 years of remaining lease term.

“The superior location and site accessibility made this property incredibly attractive to investors,” said Elliott Dow with CBRE. “The strong market fundamentals in the region continue to drive interest in Central Texas, and we expect to see this trend increase in the coming year.”

According to CBRE’s Q3 2024 San Antonio Industrial MarketView, the San Antonio industrial market has an overall vacancy rate of 9.8% with nearly 1.1 million sq. ft. delivered in Q3 alone—40% of which was preleased—and 3.8 million sq. ft. still under construction. As the construction pipeline continues to recede, vacancy rates are also expected to tighten up as industrial users start to lease the available space.

About Evergen Equity
Evergen Equity (www.evergenequity.com) is a multiple family office focused on the real estate allocation of ultra high net worth families based in the United States. These families have built and operated businesses in a variety of industries ranging from technology and energy to automotive and consumer package goods. Evergen is hyper-focused on wealth preservation and partnering alongside best in-class operators to steward their families’ capital through real estate investments of all product types and in all markets across the continental United States.