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
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