Serac Capital Partners Acquires Office Building In San Antonio
3846 Medical Drive, San Antonio, TX 78229
Building Size
171,205 SF
Asset Type
Office
Closing
Oct 28, 2020
About this deal
AI
The property involved in this transaction is an office located at 3846 Medical Drive in San Antonio. The transaction took place on October 29, 2020. The property spans a total of 171,205 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3846 Medical Drive, San Antonio
- Market: San Antonio
- SF: 171,205
The buyer in this transaction is Serac Capital Partners, represented by Roger Gregory. The brokers involved in the deal are Leah Gallagher, Hale Umstattd, and Scott Myers from Transwestern.
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