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5361 Old Pearsall Road

DD&B Construction Acquires 3.2-Acre Development Site In San Antonio
SOLDDevelopment Site

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

Jon Danklefs

Marcus & Millichap

Broker

24 deals

Broker
DC
DD&B ConstructionBuyer

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