Dogwood Commercial Real Estate Acquires 355,000 SF Retail Property In San Antonio
8800 Broadway San Antonio, TX 78217, USA
Building Size
355,000 SF
Asset Type
Retail
Closing
Jun 7, 2023
About this deal
AI
Dogwood Commercial Real Estate has acquired a 355,000-square-foot shopping center located at 8800 Broadway on the Northeast Side of San Antonio. The transaction took place on 06/07/2023, with the property being sold by 8800 Broadway Plaza LLC. This marks Dogwood Commercial Real Estate's second acquisition in the area. The shopping center is home to various tenants, including Wonder Chamber and Mission CrossFit SA.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 355,000
- Address: 8800-8856 Broadway Street
- Market: San Antonio
The buyer, Dogwood Commercial Real Estate, was represented by Ben Appleby from their agency. As for the seller, 8800 Broadway Plaza LLC, no further information about their representative was provided.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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