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Brass Professional Center Sold In San Antonio Foreclosure For $31M

Property Image
SOLD
$31,000,000

Texas

See Similar Deals
Office140,000 SF
Sold 10/24/2023
the dealdetailscomps
Property Image
SOLD

Brass Professional Center Sold In San Antonio Foreclosure For $31M

4400 South Piedras Drive

See Similar Deals
Office140,000 SF
Sold 10/24/2023
the dealdetailscomps

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$221
Total Square Footage:140,000 SF
Transaction Type:Sale

The Brass Professional Center, a 140,000 square foot office complex located at 4400 South Piedras Drive in San Antonio, was recently sold in a foreclosure sale for a little over $31 million. The property was owned by Brass Real Estate and was sold due to default on a $57 million loan, resulting from delinquent payments.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $31,000,000
  • Square Footage: 140,000
  • Price per Square Foot: $221
  • Address: 4400 South Piedras Drive, San Antonio
  • Market: San Antonio

LNR Partners purchased the Brass Professional Center from Brass Real Estate in the foreclosure sale. Rick Rodriguez, representing Brass Real Estate, facilitated the transaction as the seller's broker.

Players

LP
LNR Partners
BUYER

Details

SOLD
IMAGE: Rick Rodriguez DATE: 10/24/2023 ADDRESS: 4400 South Piedras Drive MARKET: San Antonio ASSET TYPE: Office ~ SF: 140,000 BUYER: LNR Partners SELLER: Brass Real Estate - Rick Rodriguez SALE PRICE: $31,000,000 SF: 140,000 ~ PPSF: $221 NOTE: The Brass Professional Center, an office complex in San Antonio, was foreclosed and sold for a little over $31 million. The previous owner, Brass Real Estate, defaulted on a $57 million loan due to delinquent payments, and the foreclosure sale was triggered.

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