Altera Fund Advisors & Harrison Street Acquire Medical Office In San Antonio
5368 Fredericksburg Road, San Antonio, Texas 78229, United States
Building Size
227,657 SF
Asset Type
—
Closing
Mar 23, 2022
AI
Located at 5368 Fredericksburg Rd in San Antonio, this medical office property has been sold. The transaction took place on March 24, 2022. The property spans approximately 227,657 square feet and sits on 13.6 acres. It is a part of the San Antonio market.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 5368 Fredericksburg Rd
- Market: San Antonio
- Size: 227,657 square feet
- Acres: 13.6
The buyer in this transaction is Altera Fund Advisors and Harrison Street. On the selling side, Velocis, represented by Jim Yoder, Fred Hamm, Mike Lewis, Paul Smith, and David Seifert, sold the property. The deal was facilitated by brokers Brian Bacharach, Vasili Davos, and John Taylor of JLL Capital Markets.
Players
San Antonio CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93