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613 Northwest Loop 410

Arcxis Engineering Leases Office Space At 613 Northwest Loop 410 In San Antonio From Hartman Properties
LEASEDOffice

Arcxis Engineering Leases Office Space At 613 Northwest Loop 410 In San Antonio From Hartman Properties

613 Northwest Loop 410

Building Size

8,110 SF

Asset Type

Office

Closing

Jan 10, 2025

AI

The property asset involved in this lease transaction is located at 613 Northwest Loop 410 in the San Antonio market. The total square footage of the office space is 8,110. The lease type is a NNN lease, indicating that the tenant is responsible for the property's operating expenses in addition to the rent.

Summary of transaction details:

The key individuals involved in this transaction include Kaila Brodeur representing Hartman Properties and Noah Kruger representing Arcxis Engineering through Savills. Their representation highlights the professional involvement of both parties in the lease process, ensuring that the interests of the landlord and tenant are effectively managed during the transaction.

Players

Noah Kruger

Savills

Broker

3 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