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2806 West Bitters Road, San...

KCI Technologies Leases 23,000 SF Office Space At 2806 W. Bitters Road In San Antonio
LEASEDOffice

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

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:

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.

Players

Shawn Gulley

Worth & Associates

Broker

3 deals

Broker
Worth & Associates
Worth & AssociatesLandlord

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