The San Antonio Deal Sheet
SALES
San Antonio Commercial Advisors brokered the sale of two grocery-anchored shopping centers in San Antonio. The first property, at 3614 Pleasanton Road, is 31k SF on 2.91 acres. The second, at 340 Enrique Barrera Pkwy, is 50k SF on 4.25 acres. Both are anchored by Arlan’s Market, a local grocery store chain with 20 locations across south Texas, and Family Dollar. SACA’s Bradley Suttle negotiated for the seller, 2ML Real Estate Interests.
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Omni Group purchased the Shops at Overlook, a two-building, 54k SF, Class-A shopping center at 26108 Overlook Pkwy. San Antonio Commercial Advisors' Brent Smith and Bradley Suttle marketed for the seller, Frater USA.
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The Weitzman Group's Daniel Mitchell and Marcus Shaffer sold Stonehue Shopping Center, a 21k SF neighborhood center at 20323 Huebner Road.
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SACA’s Bradley Suttle sold the Shops at Valley Hi, between McDonald’s and Panda Express at 302 Valley Hi Drive. The 13k SF property is 100% occupied.
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Blakeley Commercial Real Estate’s Lynn Blakeley sold a 49k SF office with a 12k SF warehouse at 3031 IH 10 West.
FINANCING
BMC Capital's Dallas office arranged $4.8M for a multifamily property in San Antonio. The 75% cash-out refinance loan features a 10-year fixed rate at 4.61% and 30-year amortization.
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BMC Capital's Dallas office arranged a $2.6M bridge loan for the purchase and rehab of a multifamily property in San Antonio. The three-year fixed-rate loan included 75% LTC and interest-only as well as funds for significant capital improvements to the property. The loan was arranged through one of BMC Capital’s correspondent non-bank lender relationships.
