Worth & Associates Acquires The Commons At Concord Park Office Campus In San Antonio For $108.116M
300 East Sonterra Boulevard
Building Size
108,116 SF
Asset Type
Office
Closing
Jul 29, 2026
AI
The property involved in this transaction is an office asset located at 300 East Sonterra Boulevard, San Antonio, TX. The total square footage of the property is 108,116, comprising a four-building office campus. The buyer, Worth & Associates, has assumed leasing and management of the property, which is currently 85% occupied.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Disclosed
- Address: 300 East Sonterra Boulevard
- Market: San Antonio, TX
- Asset Size: 108,116 SF
- Buyer: Worth & Associates
- Buyer's Representative: Shawn Gulley - Worth & Associates
- Seller's Representative: Todd Mills - Cushman & Wakefield
Shawn Gulley represented Worth & Associates in the transaction, while Todd Mills acted on behalf of the seller through Cushman & Wakefield. This acquisition expands Worth & Associates' portfolio to 3 million square feet.
Players
Hubbell 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