Garcia Properties Acquires 27,478 SF Retail Building In San Antonio
3371 Roosevelt Ave San Antonio, TX 78214, USA
Building Size
27,478 SF
Asset Type
Retail
Closing
Jun 30, 2023
AI
Garcia Properties, Inc has purchased a 27,478-square-foot retail building located at 3371 Roosevelt Avenue in San Antonio. The property was recently sold by an undisclosed seller. The transaction took place on June 30, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3371 Roosevelt Avenue
- Market: San Antonio
- Square Footage: 27,478
Representing the buyer, Garcia Properties, Inc, were Phil Crane and Dan Gostylo from Partners Real Estate. Andrew Price from CBRE acted as the seller's representative in the transaction. Partners Real Estate brokered the sale, facilitating the purchase of the retail property by Garcia Properties, Inc.
Players
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