Montecito Medical Acquires Office Building In San Antonio
7700 Floyd Curl Drive, San Antonio, TX 78229
Building Size
29,375 SF
Asset Type
Office
Closing
May 16, 2021
About this deal
AI
Montecito Medical has acquired an office property located at 7700 Floyd Curl Dr in San Antonio. The property, spanning approximately 29,375 square feet, was sold on May 17, 2021. The transaction was facilitated by Chip Conk and Chris Conk.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 7700 Floyd Curl Dr
- Market: San Antonio
- Buyer: Montecito Medical - Chip Conk & Chris Conk
Montecito Medical, represented by Chip Conk and Chris Conk, successfully completed the acquisition of the office property at 7700 Floyd Curl Dr in San Antonio.
Players
San Antonio Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
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