facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Sale

/

146 Navarro Street, San Ant...

CPS Energy Sells Office Property In San Antonio To BH Properties
SOLDOffice

CPS Energy Sells Office Property In San Antonio To BH Properties

146 Navarro Street, San Antonio, TX, USA

Building Size

100,000 SF

Asset Type

Office

Closing

Feb 13, 2021

AI

The office property located at 146 Navarro Street in San Antonio has been sold. The transaction took place on February 14, 2021. The property, measuring 100,000 square feet, was purchased by BH Properties from CPS Energy. The deal was facilitated by the brokers Gene Williams, Jared Chua, Jennifer Joseph, and Peter Jansen from CBRE.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 146 Navarro Street, San Antonio
  • Market: San Antonio

The sale of the property at 146 Navarro Street marks an important transaction in the San Antonio office market. BH Properties acquired the 100,000 square foot office space from CPS Energy. The involvement of brokers Gene Williams, Jared Chua, Jennifer Joseph, and Peter Jansen from CBRE demonstrates the collaborative effort behind this sale.

Players

Peter Jansen

CBRE

Broker

2 deals

Broker
B.H. Properties
B.H. PropertiesBuyer
B.H. Properties
B.H. PropertiesLender

San Antonio Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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