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22135 Bulverde Road

Updated Aug 14, 2025

Daniel J. Busch Of InvenTrust Properties Acquires Marketplace At Encino Park In San Antonio
SOLDRetail

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

About this deal

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:

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.

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Players

Erin Lazarus

JLL

Broker

$565M

vol

24 deals

Broker
JLL
JLLBrokerage
Daniel J. (DJ) Busch

Daniel J. Busch

InvenTrust Properties

Buyer

$306M

vol

2 deals

Buyer
InvenTrust Properties
InvenTrust PropertiesBuyer
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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

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