Spectrum Association Management Secures Lease Renewal At North Park Corporate Center In San Antonio
17319 San Pedro Avenue
Building Size
19,738 SF
Asset Type
Office
Closing
Sep 5, 2024
AI
The property involved in this transaction is an office space located at 17319 San Pedro Avenue in the North San Antonio market. The total square footage of the asset is 19,738 and it was previously leased for 27,000 square feet. The landlord of the property is TLO TX2 Investments LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease Renewal
- Address: 17319 San Pedro Avenue
- Market: North San Antonio
- Square Footage: 19,738
- Landlord: TLO TX2 Investments LLC
- Tenant: Spectrum Association Management
- Brokers: Brad Kaufman, Larry Mendez & Yobana Castillo - CBRE
CBRE successfully secured a lease renewal for Spectrum Association Management at the North Park Corporate Center. The deal was facilitated by brokers Larry Mendez, Yobana Castillo, and Brad Kaufman, representing the tenant Spectrum Association Management in this transaction.
Players
San Antonio Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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