Private Equity Acquires Alamo City Portfolio - 4 Convenience Store / Gas Stations In San Antonio MSA
2204 South Us Highway 77
$4,900,000
$48/SF
Building Size
100,188 SF
Asset Type
Retail
Closing
Apr 21, 2023
About this deal
AI
The Alamo City Portfolio, consisting of four convenience store/gas stations located in Driscoll, San Antonio, and Converse, has recently been sold. The properties are situated at 2204 South Us Highway 77, 333 San Pedro Ave, 1540 Austin Hwy, and 9145 FM 78. This retail asset spans a total of 100,188 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not provided
- Market: Driscoll, San Antonio, Converse
The acquisition of the Alamo City Portfolio was made by a private equity firm in order to strategically capitalize on the Bonus Depreciation. As the Bonus Depreciation strategy is set to expire in 2026, buyers and sellers are actively engaging in transactions this year. This deal was facilitated by brokers David Hollingsworth and Sai Thakor, representing Marcus & Millichap.
For more information about the Alamo City Portfolio and the recent transaction, please contact the brokers at Marcus & Millichap.
Players
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93