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5368 Fredericksburg Road, S...

Altera Fund Advisors & Harrison Street Acquire Medical Office In San Antonio
SOLD

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

Brian Bacharach

JLL

Broker

$600M

vol

5 deals

Broker

Harrison Street

Buyer

$604.1M

vol

11 deals

Buyer

Mike Lewis

Seller

3 deals

Seller

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