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Elm Creek Real Estate Acquires Retail Property On Wood Glen Drive In San Antonio For $5.5M

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SOLD
$5,500,000

Texas

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Retail159,703 SF
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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

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Retail159,703 SF
Sold
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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.

Players

Kevin Catalani
2 deals$5.5M volume
BROKER

InvenTrust Properties
SELLER

Details

SOLD
IMAGE: Kevin Catalani, Thomas McGuinness, & Jace Hinderland⁠ DATE: 06/03/20⁠ ADDRESS: 6212 Wood Glen Drive⁠ CITY: San Antonio⁠ MARKET: Woodlake⁠ ASSET TYPE: Retail⁠ SELLER: InvenTrust Properties - Thomas McGuinness⁠ BUYER: Elm Creek Real Estate - Jace Hinderland⁠ BROKER: CBRE - Kevin Catalani⁠ PRICE: $5,500,000⁠ SF: 159,703⁠ ~ PPSF: $34.44

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Deal Type
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