KCI Technologies Leases 23,000 SF Office Space At 2806 W. Bitters Road In San Antonio
2806 West Bitters Road, San Antonio, Texas 78248, United States
Building Size
23,000 SF
Asset Type
Office
Closing
Jun 3, 2023
About this deal
AI
The property involved in this transaction is an office asset located at 2806 W. Bitters Road in San Antonio. It comprises a total of 23,000 square feet. The transaction pertains to a lease agreement rather than a sale. The landlord in this transaction is Worth & Associates.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not defined
- Address: 2806 W. Bitters Road
- Market: San Antonio
- Landlord: Worth & Associates
- Tenant: KCI Technologies
- Landlord's Representative: Rob Gish & Shawn Gulley - Worth & Associates
- Tenant's Representative: David Ballard & Parker LaBarge - CBRE
The transaction features key contributors including Rob Gish and Shawn Gulley representing the landlord and David Ballard alongside Parker LaBarge representing the tenant. Their involvement highlights the collaborative efforts required to finalize the lease agreement.
On the Map
Office
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Players
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