SageView Partners Acquires 190K SF San Antonio Office Building On McAllister Freeway From RBL Real Estate
9601 Mcallister Freeway
Building Size
190,223 SF
Asset Type
Office
Closing
Dec 15, 2023
About this deal
AI
SageView Partners has purchased McAllister Plaza, a 190,223-square-foot San Antonio office building, from RBL Real Estate. Located at 9601 McAllister Freeway, the property is 91% occupied and houses tenants such as HFF, ADKF accounting firm, and law firms Ray, McChristian & Jeans, and The Daspit Law Firm.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Market: San Antonio
- Square Feet: 190,223
The buyer, SageView Partners, was represented by Scott Boynton. The seller, RBL Real Estate, was represented by Joe Blum.
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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