SageView Partners Acquires 142,000-SF Office Building In San Antonio From Affinius Capital
9830 Colonnade Blvd San Antonio, TX 78230, USA
Building Size
142,000 SF
Asset Type
Office
Closing
May 22, 2023
AI
An office building in San Antonio located at 9830 Colonnade Boulevard has been sold to SageView Partners by Affinius Capital. The property spans 142,000 square feet and the acquisition price was undisclosed. However, the Bexar County Appraisal District recently assessed the property at nearly $28 million.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 9830 Colonnade Boulevard
- Market: San Antonio
- Buyer: SageView Partners - Gardner Peavy & Scott Boynton
- Seller: Affinius Capital
- Lender: Security State Bank
SageView Partners, represented by Gardner Peavy & Scott Boynton, successfully completed the purchase of the office building. The deal was facilitated by the involvement of Affinius Capital as the seller and Security State Bank as the lender.
Players
Texas 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