SOLDOffice
Leben Holdings Acquires Office Building On Medical Way In New Braunfels With Broker's Licia Shreves & James Murry
MEDICAL WAY DEVELOPMENT, Medical Way, New Braunfels, TX, USA
Building Size
8,055 SF
Asset Type
Office
Closing
Jan 21, 2021
AI
APZ Investments LLC has sold an office property located at 1763 Medical Way in New Braunfels. The property spans 8,055 square feet and was recently sold to Leben Holdings.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1763 Medical Way, New Braunfels
- Market: New Braunfels
- Seller: APZ Investments LLC
- Buyer: Leben Holdings
- Brokers: Licia Shreves & James Murry - Transwestern
Licia Shreves and James Murry from Transwestern represented both the buyer and seller in the deal.
Players
New Braunfels 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