San Antonio Business Park

12961 Park Central, San Antonio, TX 78216

Property Overview

San Antonio Business Park represents a first mortgage purchase data discount to the $30.6 million par value. The loan is collateralized by two multi-tenant business parks in the North Central submarket of San Antonio, Texas. The two parks are Interpark Business Center I & II (343,759 SF) and Brookhollow Office Park (68,200 SF). For purposes of KBS REIT the two business parks are collectively referred to as San Antonio Business Park.

The Interpark Business Center I & II consist of 14 single- story buildings. The buildings were completed in phases between 1984 and 1996. Approximately 60% of the space is considered office and the balance of the property is warehouse space. Brookhollow Office Park includes three single-story buildings constructed in 1982 and 1983. Brookhollow Office park is 100% office space.

Investment at a Glance

Location: San Antonio, Texas

Property Type: Office/Warehouse

Investment Type: First Mortgage

Acquisition Date: March 28, 2008

Initial Loan Funding: $30,600,000

Loan Term: 116 months

No. of Buildings: 2 properties, 17 buildings

Square Footage: 411,959 SF

$30,600,000 Total Purchase Price
411,959 square feet Total Rentable Area
Class A Building Class