Royal Oak Realty Trust Acquires 58,574 SF Office Property In New Braunfels From Seller Koontz Corporation
2049 Sundance Parkway, New Braunfels, TX 78130, USA
Building Size
58,574 SF
Asset Type
Office
Closing
Jun 7, 1920
AI
An office property located at 2049 Sundance Parkway in San Antonio has been sold in a transaction that closed on 06/08/20. The property, measuring 58,574 square feet, was part of the New Braunfels market. The seller, Bart Koontz of Koontz Corporation, finalized the deal with the buyer, Daniel J. Goldstein of Royal Oak Realty Trust.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2049 Sundance Parkway, San Antonio
- Market: New Braunfels
- SF: 58,574
- Seller: Bart Koontz - Koontz Corporation
- Buyer: Daniel J. Goldstein - Royal Oak Realty Trust
The individuals involved in this office property transaction were Bart Koontz of Koontz Corporation, representing the seller, and Daniel J. Goldstein of Royal Oak Realty Trust, who acted as the buying representative.
Players
New Braunfels 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