University Health System Acquires Office Building At 5800 Farinon Drive & 5959 Northwest Parkway In San Antonio
5800 Farinon Drive, San Antonio, TX, USA
Building Size
165,007 SF
Asset Type
Office
Closing
Dec 10, 2020
AI
University Health System (UHS) has acquired an office property located at 5800 Farinon Drive and 5959 Northwest Parkway in San Antonio. The property, spanning 165,007 square feet, was purchased from Clarion Partners. The transaction took place on December 11, 2020.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not available
The seller, Clarion Partners, was represented by Kevin Cosgrove and Scott Ferguson from Stream Realty Partners. On the other hand, Ken Adams and Chad Gunter from Transwestern served as the buyer's representatives for University Health System (UHS).
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