SOLDRetail
KM Realty Investment Trust Inc. Acquires Retail Property In San Antonio From GFR Development
Southeast Military Drive & Old Corpus Christi Rd, San Antonio, TX, USA
Building Size
32,449 SF
Asset Type
Retail
Closing
Jul 23, 2020
About this deal
AI
A retail property located at SE Military & Old Corpus Christi Rd. in San Antonio has been sold. The property spans across approximately 7.5 acres and has a total area of 32,449 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: SE Military & Old Corpus Christi Rd., San Antonio
- Market: San Antonio
- Size: 32,449 square feet
- Acres: 7.5
The seller of the property was GFR Development, represented by Mark Granados. The buyer was KM Realty Investment Trust Inc., represented by Randy Keith.
Players
San Antonio 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