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:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Buyer: Kobalt Investment Co.
- Seller: Ziff Real Estate Partners
- Brokers: Chris Gerard, John Indelli, Ryan West & Whitney Snell - JLL
- Lender: Woodforest National Bank
- Previous Loan: $8.6 million
- New Loan: $11.7 million
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
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