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19707 West Interstate 10, S...

NorthMarq Arranges $8M Loan For Office Building In San Antonio
FINANCEDOffice

NorthMarq Arranges $8M Loan For Office Building In San Antonio

19707 West Interstate 10, San Antonio, TX, USA

$8,000,000

$192/SF

Building Size

41,590 SF

Asset Type

Office

Closing

Dec 6, 2020

AI

The property at 19707 Interstate 10 W. in San Antonio, Texas has been involved in a recent closed transaction. The asset type is an office space, spanning 41,590 square feet. The transaction took place on December 7, 2020, as conveyed by the provided image shared by Bryan Leonard on Instagram.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: December 7, 2020
  • Address: 19707 Interstate 10 W., San Antonio
  • Market: San Antonio
  • Asset Type: Office
  • Square Footage: 41,590

Bryan Leonard from NorthMarq represented the parties involved in this transaction. He acted as the broker, facilitating the deal.

The loan amount secured for this transaction was $8,000,000. The loan terms included a fixed interest rate and a fully amortizing 20-year term. This information provides valuable insights into the financial aspects of the deal, showcasing the significant capital involved.

Players

Bryan Leonard

NorthMarq

Broker

$347.4M

vol

6 deals

Broker

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93