George J. Wommack Of Headwall Investments Acquires 26000 SF Retail Center In Boerne
1595 South Main Street
Building Size
26,000 SF
Asset Type
Retail
Closing
May 21, 2025
AI
The transaction involved the sale of a fully leased retail asset located at 1595 South Main Street in Boerne. The property encompasses 26,000 square feet and is positioned within a bustling market close to San Antonio.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1595 South Main Street
- Market: Boerne
- Asset Size: 26,000 square feet
- Buyer: George J. Wommack
- Company: Headwall Investments
George J. Wommack, representing Headwall Investments, has successfully acquired this retail center, marking a significant addition as the firm's 18th shopping center purchase. This acquisition expands Headwall's Texas portfolio to over 610,000 square feet across major metro areas.
Boerne Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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