Sentinel Net Lease Sells United Healthcare Service Center In San Antonio For Profit
6200 Northwest Parkway
Building Size
142,500 SF
Asset Type
Office
Closing
Jun 24, 2024
About this deal
AI
The United Healthcare Customer Service Center, a 142,500-square-foot Class A office building located at 6200 Northwest Parkway in San Antonio, TX, was successfully sold by Sentinel Net Lease as part of a strategic disposition in 2024.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Seller: Fred Lewis & Dennis Cisterna - Sentinel Net Lease
- Brokers: Kelly Ralston & Russell Noll - Transwestern
Transwestern Real Estate Services played a crucial role in brokering the deal, facilitating the profitable disposition of the office property despite challenging market conditions in 2024.
On the Map
Office
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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