Barbara Wong Purchases Retail Asset In San Antonio From PREP Property Group For $6.93M
5435 North Loop 1604 West
$6,925,000
$829/SF
Building Size
8,348 SF
Asset Type
Retail
Closing
Aug 27, 2025
AI
The retail property located at 5435 North Loop 1604 West in the San Antonio market was sold for a price of $6,925,000. This asset has a total square footage of 8,348, which translates to a price per square foot of $829.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,925,000
- Address: 5435 North Loop 1604 West
- Market: San Antonio
- Square Footage: 8,348
- Price Per Square Foot: $829
- Buyer: Barbara Wong
- Seller: PREP Property Group
- Seller's Representatives: Jake Prater, Patrick Luther & Matthew Mousavi - SRS Real Estate Partners
This transaction involved notable parties, including the buyer, Barbara Wong, and the seller, PREP Property Group. The deal was represented by Jake Prater, Patrick Luther, and Matthew Mousavi from SRS Real Estate Partners, showcasing the expertise of these representatives in facilitating the transaction.
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
2.29%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93