Daniel J. Busch Of InvenTrust Properties Acquires Marketplace At Encino Park In San Antonio
22135 Bulverde Road
Building Size
85,000 SF
Asset Type
Retail
Closing
Aug 8, 2025
AI
The property involved in this transaction is the Marketplace at Encino Park, a fully leased retail center located at 22135 Bulverde Road in San Antonio. The asset encompasses 85,000 square feet and is situated in the Far North Central submarket. It features a diverse tenant mix including national brands such as Pet Supplies Plus, Burger King, and F45, with tenants occupying 57% of the leasable area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 85,000 SF
- Address: 22135 Bulverde Road
- Market: San Antonio
- Buyer: Daniel J. Busch - InvenTrust Properties
- Brokers: Barry Brown, Erin Lazarus, Shea Petrick & Whitney Snell - JLL
This acquisition marks a significant transaction facilitated by JLL, representing InvenTrust Properties. The involvement of multiple brokers underscores the collaborative efforts in securing this retail center from Birnbaum Property Company, contributing to InvenTrust's portfolio expansion in the San Antonio market.
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