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190 West Bitters Road, San ...

Moran Capital Sells Retail Property In San Antonio For $3.6M With Buyer's Rep Matt Siebert & Seller's Rep David Kern
SOLDRetail

Moran Capital Sells Retail Property In San Antonio For $3.6M With Buyer's Rep Matt Siebert & Seller's Rep David Kern

190 West Bitters Road, San Antonio, Texas 78216, United States

Building Size

2,271 SF

Asset Type

Retail

Closing

May 4, 2022

AI

190 W Bitters Rd, a retail property located in San Antonio, was recently sold in a closed transaction. The property spans a total square footage of 2,271. The sale was facilitated by Matt Siebert from Horvath & Tremblay, who represented the buyer's interests, and David Kern from The Mansour Group, who represented the seller, Moran Capital. The transaction took place on 05/05/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,575,000
  • Market: San Antonio

The buyer, represented by Matt Siebert, and the seller, represented by David Kern, successfully negotiated the purchase of the property at an asking price of $3,575,000. The transaction demonstrates the market activity in the retail sector in San Antonio.

Players

David Kern

Marcus & Millichap

Broker

$92M

vol

4 deals

Broker

San Antonio 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