Jim's Real Estate - Finance Blog

Friday, September 25, 2015

For Sale- Office Building in San Antonio

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For Sale- The Atrium

Longbow Real Estate Group presents a 131,490 SF Class B, San Antonio Office building with below market rents for an opportunity to increase rents with minimal capital expenses. Click here for Map Link.

Purchase Price: $16,500,000

Net Operating Income: $1,397,506

Capitalization Rate: 8.46%

Co-Broker Fee: .75%

Gross Leasable Area: 131,490 SF

Lot Size: 6.62 Acres

Occupancy: 94%

Address: 85 NE Loop 410, San Antonio, TX

Parking Ratio: 3/1000

Located in North Central, the hottest submarket in San Antonio. Nearly 20% below market rents. Approximately 25% of the tenant mix is national tenants.

Assumable Loan- The current periodic payment for the assumable loan is $70,992.20. If closing occurs in December, the new balance would be approximately 70% of asking price, or 70% LTV. The amortization schedule is in the document vault which can be accessed through a link in the flyer. The assumable debt expires November 2018. Estimated defeasance costs are over 2M. The buyer would need to assume the loan.

We received a recent letter of interest from a CMBS lender which suggests the periodic payment for new debt would be approximately $7847/mo lower than existing debt. The economics of debt have played a part in pricing this asset.

Property could be purchased with 10010 San Pedro- click here for the flyer.

Go to www.longbowre.com for more information about the company and current listings.

Click here if you would like to be added to our mailing list

Nick Nelson, CCIM

512.906.6757

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Jim Young, CCIM

512.565.7509

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Wednesday, September 23, 2015

FW: [] Have: Retail/Restaurant space on the Drag in Austin!

Lease availability on the Drag, by UT. See below.

Jim Young, CCIM, Broker

Longbow Real Estate Group

West Point '94

11701 Bee Caves Road, Ste 250

Austin, TX 78738

jim@longbowRE.com @jimyoungCRE

512-565-7509

-View My Buyer Criteria Here-

From: On Behalf Of Tami Greenberg
Sent: Monday, September 21, 2015 7:05 PM
To:
Subject: [] Have: Retail/Restaurant space on the Drag in Austin!

Retail/Restaurant Brokers,

Approx 2000 SF is available for sublease

2000 Guadalupe

End cap

Current use is office, but used to be restaurant space

Grease trap is covered, but still there

Up to 4 parking spots in back

Sublease with 81 months left on the lease

Tenant will pay out 2% to cooperating brokers

Flier under construction, but call me for more details

Tenant needs to cover the base rent plus NNN of approx $975 month and wants to recoup $25K in remodeling costs and $25K in moving costs. Options of how to structure that can be discussed.

If you have tenant that needs to be on the Drag - call me asap.

Tami

Tami Greenberg
Commercial Real Estate Broker

Longbow Real Estate Group
11701 Bee Caves Road

Suite 250

Austin, TX 78738

email: Tami@longbowre.com
web: www.longbowre.com
work: 512-476-5551
mobile: 512-773-3705

http://www.loopnet.com/lid/19343790

Available Office Properties
www.linkedin.com/in/tamigreenberg

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