DD&B Construction Acquires 3.2-Acre Development Site In San Antonio
5361 Old Pearsall Road
Building Size
—
Asset Type
Development Site
Closing
Jan 11, 2024
AI
Sushil Mehta's DD&B Construction has acquired a 3.2-acre development site in southwest San Antonio. The site, located at 5361 Pearsall Road, is designated for the construction of a self-storage facility. The sale was brokered by Marcus & Millichap, with Jon Danklefs representing both the undisclosed seller and the buyer.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: 5361 Pearsall Road
- Market: San Antonio
- Buyer: Sushil Mehta - DD&B Construction
- Seller: Undisclosed
- Broker: Jon Danklefs - Marcus & Millichap
The buyer, Sushil Mehta, is the owner of DD&B Construction, a company that specializes in construction projects. The specific development plans for the site have not been disclosed at this time. This transaction showcases the expertise of Marcus & Millichap, who was able to facilitate the deal between the seller and the buyer.
Players
San Antonio Development Site Market Snapshot
Boundary boundary · Development Site · 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