Aetna Provides $12.3M Refinancing Loan For San Antonio Office At 4949 N Loop 1604 W
4949 North Loop 1604 West, San Antonio, TX 78249
$12,300,000
$210/SF
Building Size
58,389 SF
Asset Type
Office
Closing
Jan 7, 2022
AI
The property involved in this closed transaction is an office space located at 4949 N Loop 1604 W in San Antonio. The property spans a total of 58,389 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 4949 N Loop 1604 W
- Market: San Antonio
- Asset Type: Office
- Square Footage: 58,389
The lender for this transaction was aetna''>Aetna, while Sirell Properties served as the landlord. Bryan Leonard from Northmarq represented the parties involved in the deal as the broker.
The loan amount for this transaction was $12,300,000. It was a refinancing loan with a three-year term and interest-only payment structure.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93