Ackerman & Co. Acquires Medical Office In San Antonio For 34,164 SF
14615 San Pedro Avenue, Hill Country Village, TX, USA
Building Size
34,164 SF
Asset Type
Office
Closing
Oct 15, 2021
AI
A medical office located at 14615 San Pedro Ave in San Antonio has been sold in a recent transaction. The property spans approximately 34,164 square feet and is situated in the San Antonio market.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: Not provided
- Address: 14615 San Pedro Ave
- Market: San Antonio
- Square Footage: 34,164
The buyer in this transaction is Ackerman & Co. The deal was facilitated by CBRE, with the following brokers representing the buyer: Scott Herbold, Michael Dewey, Amber Austin, and Ashlee Wells.
Players
San Antonio Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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