Oxbow Development Group Expands In San Antonio Pearl Area With Land Acquisition From Sabot Development
1216 E Euclid Ave San Antonio, TX 78212, USA
Building Size
—
Asset Type
Land
Closing
Jun 30, 2023
AI
Oxbow Development Group has purchased a plot of land in San Antonio's Pearl area from Sabot Development. The property, located at 1216 East Euclid Avenue, is a valuable addition to Oxbow's portfolio as they expand their presence in the neighborhood.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Address: 1216 East Euclid Avenue
- Market: San Antonio
The transaction was facilitated by brokers Robert Arzola and Joe Dowdle from JLL. Their expertise and negotiation skills played a crucial role in ensuring a smooth deal between Oxbow Development Group and Sabot Development.
It's worth noting that Oxbow Development Group has been actively involved in various development projects in the Pearl area. This purchase further demonstrates their commitment to the neighborhood's growth and development.
Players
Texas Land Market Snapshot
Boundary boundary · Land · 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