JNJC Group LLC Acquires Sam Houston Center Retail Property In San Antonio
1003 Rittiman Road
Building Size
—
Asset Type
Retail
Closing
Nov 6, 2023
About this deal
AI
The Sam Houston Center, a retail property located at 1003-1027 Rittiman Road in San Antonio, has been acquired by JNJC Group LLC. The transaction price for this acquisition was undisclosed. This retail center features various businesses, including Seoul Asian Market and restaurants, making it an attractive investment in the retail sector.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 1003-1027 Rittiman Road
- Market: San Antonio
The buyer, JNJC Group LLC, represented by John Grib, has successfully acquired the Sam Houston Center. The seller, Mossrock Holdings LLC, was represented by Thomas Malley and Rittiman Premier Retail Ltd. The transaction details, such as the sale price, loan amount, and square footage, were not disclosed. However, the property's strategic location near Fort Sam Houston and its diverse tenant mix contribute to its desirability in the retail market.
Players
San Antonio Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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