Barbara Wong Purchases Retail Asset In San Antonio From PREP Property Group For $6.93M
SOLD
$6,925,000
Texas
See Similar DealsRetail8,348 SF
Sold 08/27/2025
SOLD
Barbara Wong Purchases Retail Asset In San Antonio From PREP Property Group For $6.93M
5435 North Loop 1604 West
See Similar DealsRetail8,348 SF
Sold 08/27/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$829
Total Square Footage:8,348 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$369,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,603.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,828.03
Annual Debt Service$393,936.40
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