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9830 Colonnade Blvd San Ant...

SOLDOffice

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

Scott Boynton

Buyer

3 deals

Buyer
SP
Sageview PartnersBuyer

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