Terracotta Management Acquires Retail Property On 701 South Frio Street In San Antonio
701 S Frio St San Antonio, TX 78207, USA
Building Size
11,378 SF
Asset Type
Retail
Closing
May 10, 2023
AI
The property at 701 South Frio Street in San Antonio has been sold in a recent transaction. The retail asset spans across 11,378 square feet and was part of a sale deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 701 South Frio Street
- Market: San Antonio
- Buyer: Terracotta Management - Jason Burger & Hugo Li
- Seller: Collin Newton
Terracotta Management, represented by Jason Burger & Hugo Li, purchased the property from Collin Newton. The deal was successfully closed, with the specific transaction amount not disclosed.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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