Marcus & Millichap Brokers $6.4M Sale Of The Nest Schools In San Antonio

The asset involved in this transaction is a school, specifically The Nest Schools, located at 7900 Old Tezel Road in the San Antonio market. The property was sold for $6,400,000. In addition to the sale, $3,500,000 in acquisition financing was arranged to facilitate the purchase.

Summary of transation details:

• Property Type: School
• Transaction Amount: $6,400,000
• Location: 7900 Old Tezel Road, San Antonio
• Acquisition Financing: $3,500,000
• Mortgage Broker: David Campbell - Marcus & Millichap
• Brokers: Adam Levin, Robert (Robb) Johnson & Adam Richardson - Marcus & Millichap
• Mortgage Details: 10-year loan at 6.12% interest with 25-year amortization

This transaction was brokered by Adam Levin, Robert (Robb) Johnson, and Adam Richardson, all affiliated with Marcus & Millichap. David Campbell, also from Marcus & Millichap, played a significant role in securing the mortgage financing for this acquisition.