Partners Real Estate Brokers Sale Of 11,978 SF Medical Office In San Marcos, Central Texas
1891 Medical Parkway
Building Size
11,978 SF
Asset Type
Medical Office
Closing
Dec 14, 2023
AI
Partners Real Estate brokered the sale of an 11,978-square-foot ambulatory surgery center located at 1891 Medical Parkway in San Marcos, Central Texas. The property was sold by San Marcos Surgical Land LLC. The transaction price and buyer's identity were not disclosed.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Address: 1891 Medical Parkway
- Market: San Marcos
- Square Footage: 11,978
The sale was facilitated by Ryan McCullough, Connor Watson, and Jackson Heazel of Partners Real Estate as representatives of San Marcos Surgical Land LLC.
Players
San Marcos Medical Office Market Snapshot
Boundary boundary · Medical Office · 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