McCombs Family Partners Acquires 5.9 Acre Land In San Antonio For $29.5M
326 West Jones Avenue, San Antonio, Texas 78215, United States
$29,500,000
Building Size
—
Asset Type
—
Closing
Jan 25, 2023
About this deal
AI
The 5.9 acre land located at 326 W. Jones Ave in San Antonio has been sold in a recent transaction. The sale took place on January 25, 2023, with Asher Reilly being the broker involved in the deal. The property was purchased by McCombs Family Partners, represented by Marsha Shields and Harry Adams IV. The seller, CPS Energy, was represented by Milady Nazir. The sale price for the land was $29,500,000.
Summary of transaction details
- Property Type: Land
- Sale Price: $29,500,000
- Address: 326 W. Jones Ave, San Antonio
- Market: San Antonio
- Buyer: McCombs Family Partners - Marsha Shields & Harry Adams IV
- Seller: CPS Energy - Milady Nazir
- Broker: Asher Reilly - CBRE
This transaction highlights the involvement of key individuals and companies. McCombs Family Partners, represented by Marsha Shields and Harry Adams IV, successfully acquired the 5.9 acre land from CPS Energy, represented by Milady Nazir. The deal was facilitated by broker Asher Reilly from CBRE.
On the Map
$29,500,000
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Players
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Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93