Oracle America Inc. Leases 35,000 SF Office Space In San Antonio
613 Northwest Loop 410, San Antonio, Texas 78216, United States
Building Size
35,000 SF
Asset Type
Office
Closing
Feb 13, 2022
AI
Hartman Income REIT Management Inc. has successfully leased an office space in San Antonio. The property, located at 613 NW Loop 410, spans 35,000 square feet, making it a substantial asset in the area.
Summary of transaction details
- Property Type: Office
- Transaction Date: 02/14/2022
- Address: 613 NW Loop 410
- Market: San Antonio
- Landlord: Hartman Income REIT Management Inc.
- Tenant: Oracle America Inc.
- Broker: Kacie Skeen - Hartman Income REIT
The agreement was finalized between Hartman Income REIT Management Inc. and Oracle America Inc. Kacie Skeen, representing Hartman Income REIT, facilitated the deal. This lease marks a significant move for both parties involved, providing Oracle America Inc. with a strategic office space in the heart of San Antonio.
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