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:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 613 Northwest Loop 410
- Market: San Antonio
- Square Footage: 8,110
- Landlord: Hartman Properties
- Tenant: Arcxis Engineering
- Landlord's Representative: Kaila Brodeur - Hartman Properties
- Tenant's Representative: Noah Kruger - Savills
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
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