Faraz Ali & Associates Acquire Land In San Antonio From Gregg Gibson
Building Size
152,460 SF
Asset Type
Retail
Closing
Feb 21, 2024
AI
The property involved in the transaction is a land located at 12786-12772 US-281 N in San Antonio. The land spans 1.75 acres with a total square footage of 76,230. The seller of the land was Gregg Gibson.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Buyer: Faraz Ali, Nabeel Ali, Aftab Ali & Zohab Qazi
- Seller: Gregg Gibson
- Brokers: Nabeel Ali - Keller Williams
The transaction involved four buyers - Faraz Ali, Nabeel Ali, Aftab Ali, and Zohab Qazi, who acquired the 1.75-acre land in San Antonio. Nabeel Ali, representing Keller Williams, facilitated the deal as the broker. The buyers and the seller, Gregg Gibson, were the key individuals in this property transaction.
Market Retail Market Snapshot
Boundary boundary · Retail · 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