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
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