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
San Antonio 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