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2211 Northwest Military Hig...

Kobalt Investment Co. Acquires Castle Hills Market Retail Center In San Antonio From Ziff Real Estate Partners
SOLDRetail

Kobalt Investment Co. Acquires Castle Hills Market Retail Center In San Antonio From Ziff Real Estate Partners

2211 Northwest Military Highway

Building Size

97,682 SF

Asset Type

Retail

Closing

Sep 9, 2024

AI

Castle Hills Market is a retail asset located at 2211 Northwest Military Highway in San Antonio, comprising 97,682 square feet and situated on 6.7 acres.

Summary of transaction details:

Ziff Real Estate Partners, which acquired the property in 2020, has conducted this transaction with the help of JLL as brokers, highlighting the effective collaboration between the lending institution, Woodforest National Bank, and the involved parties to facilitate this real estate deal.

Players

Chris Gerard

JLL

Broker

$115M

vol

30 deals

Broker
Woodforest National Bank
Woodforest National BankLender

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