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300 North Santa Rosa Street

Randy Smith's Weston Urban Acquires San Fernando Gym And Parking Lot In San Antonio
SOLDCommercial

Randy Smith's Weston Urban Acquires San Fernando Gym And Parking Lot In San Antonio

300 North Santa Rosa Street & 403 North Flores Street

Building Size

Asset Type

Commercial

Closing

Jan 16, 2024

AI

The San Fernando Gym and a parking lot in San Antonio have been sold in a recent transaction. The buyer, Randy Smith, who represents Weston Urban, closed the deal as part of a long-standing agreement between the city and Weston Urban to acquire surplus municipal properties for urban core development. The gym was priced at $950,000, while the parking lot was priced at $393,000. The specific terms of the deal have not been disclosed at this time.

Summary of transation details

  • Property Type: Commercial & Parking Lot
  • Transaction Amount: Not disclosed
  • Buyer: Randy Smith - Weston Urban
  • Date: 01/16/2024
  • Address: 300 North Santa Rosa Street & 403 North Flores Street, San Antonio
  • Market: San Antonio

Weston Urban, represented by Randy Smith, has successfully acquired the San Fernando Gym and accompanying parking lot in San Antonio. This purchase is part of their ongoing collaboration with the city to develop the urban core. The specific details and conditions surrounding the deal have not been made public at this time.

Players

Randy Smith

Weston Urban

Buyer

2 deals

Buyer

San Antonio Commercial Market Snapshot

Boundary boundary · Commercial · 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