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5503 W Loop 1604 N, San Ant...

5503 W Loop 1604 N
SOLDRetail

5503 W Loop 1604 N

5503 W Loop 1604 N, San Antonio, TX...

Building Size

464,722 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The transaction involves the sale of Alamo Ranch located at 5503 W Loop 1604 N, San Antonio, TX. This retail power center encompasses a total square footage of 464,722 and is situated in the San Antonio market. The center is anchored by notable tenants including Best Buy, Dick’s Sporting Goods, Ross Dress for Less, Marshalls, Michaels, Ulta Beauty, PetSmart, and OfficeMax, with Super Target, Lowe’s Home Improvement, and J.C. Penney serving as shadow anchors.

Summary of transaction details:

  • Property Type: Retail Power Center
  • Transaction Amount: Undisclosed
  • Address: 5503 W Loop 1604 N, San Antonio, TX
  • Market: San Antonio
  • Square Footage: 464,722
  • Seller's Representative: Kris Von Hohn (Cushman & Wakefield), Lane Breedlove (Cushman & Wakefield), Margaret Jones (Cushman & Wakefield), Christian Harden (NAI Capital)
  • Buyer: Big V Property Group
  • Seller: Undisclosed

The deal was brokered by Margaret Jones, Lane Breedlove, Chris Harden, and Kris Von Hohn, representing the undisclosed seller through Cushman & Wakefield and NAI Capital. Big V Property Group successfully acquired the Alamo Ranch retail center through this transaction.

Players

Christian Harden

NAI Global

Broker

$16M

vol

6 deals

Broker
Big V Property Group
Big V Property GroupBrokerage
Big V Property Group
Big V Property GroupBuyer

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