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
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