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17319 San Pedro Avenue

Spectrum Association Management Secures Lease Renewal At North Park Corporate Center In San Antonio
LEASEDOffice

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

Larry Mendez

CBRE

Broker

2 deals

Broker

San Antonio Office Market Snapshot

Boundary boundary · Office · Lease 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