Laguna Niguel, CA – (June 24, 2014) – Avistone, LLC announces the acquisition of the West Tech Business Center, a 57,000 square foot multi-tenant industrial/flex project located in San Antonio, Texas. “At 91% occupancy, a strong in-place cash flow and a purchase price of approximately 60% of replacement cost, the West Tech acquisition meets all of Avistone’s strict investment criteria, which optimizes yield, return and risk. Additionally, we like the San Antonio market for many reasons including its growing population base and close proximity to the recently discovered Eagle Ford Shale formation which is a 400 mile long hydrocarbon formation rich in oil and natural gas fields.” stated Daniel Culler, Avistone’s Managing Principal.
Laguna Niguel, CA – (June 24, 2014) – Avistone, LLC announces the acquisition of the West Tech Business Center, a 57,000 square foot multi-tenant industrial/flex project located in San Antonio, Texas. “At 91% occupancy, a strong in-place cash flow and a purchase price of approximately 60% of replacement cost, the West Tech acquisition meets all of Avistone’s strict investment criteria, which optimizes yield, return and risk. Additionally, we like the San Antonio market for many reasons including its growing population base and close proximity to the recently discovered Eagle Ford Shale formation which is a 400 mile long hydrocarbon formation rich in oil and natural gas fields.” stated Daniel Culler, Avistone’s Managing Principal.