Elm Creek Real Estate Acquires Retail Property On Wood Glen Drive In San Antonio For $5.5M
SOLD
$5,500,000
Texas
See Similar DealsRetail159,703 SF
Sold
SOLD
Elm Creek Real Estate Acquires Retail Property On Wood Glen Drive In San Antonio For $5.5M
6212 Wood Glen Drive, San Antonio, TX, USA
See Similar DealsRetail159,703 SF
Sold
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$34
Total Square Footage:159703 SF
Transaction Type:Sale
6212 Wood Glen Drive in San Antonio's Woodlake market has been sold for $5,500,000. The retail asset spans across 159,703 square feet, resulting in a price per square foot of $34.44. This transaction took place on June 3, 2020.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 6212 Wood Glen Drive, San Antonio
- Market: Woodlake
- Asset Type: Retail
In this deal, the seller, InvenTrust Properties, was represented by Thomas McGuinness. The buyer, Elm Creek Real Estate, was represented by Jace Hinderland. CBRE's Kevin Catalani served as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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