$12.7M Loan Secured For Acquisition Of Vacant Office Building In San Antonio, TX
145 Navarro Street, San Antonio, Texas 78205, United States
$12,675,000
$62/SF
Building Size
201,805 SF
Asset Type
Office
Closing
Dec 21, 2021
About this deal
AI
The acquisition of the 211K SF vacant office building located at 145 Navarro Street in San Antonio, TX was financed with a $12,675,000 loan. The loan was obtained for the purpose of acquiring the property and will be used for its redevelopment into special purposes. The loan terms include a 1-year fixed rate with full-term interest only payments.
Summary of transaction details
- Property Type: Office
- Loan Amount: $12,675,000
- Loan Type: Acquisition
The landlord of the property is Blueprint Hospitality, and the broker representing the deal is Suraj Desai of lackBearCapitalPartners.
Players
San Antonio Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93