Parvez ‘Chris’ Merchant Of Malabar Hill Capital Acquires Development Site From Brookfield Residential In San Marcos
3603 Hunter Road
Building Size
209,088 SF
Asset Type
Development Site
Closing
Dec 4, 2025
AI
The property asset involved in this transaction is located at 3603 Hunter Road in San Marcos. It is a development site with a total square footage of 209,088 and a buildable square footage (BSF) of 40,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: 3603 Hunter Road
- Market: San Marcos
- Buyer: Parvez ‘Chris’ Merchant - Malabar Hill Capital
- Seller: Brookfield Residential
- Buyer's Representative: Austin Aguilar - Resolut Re
In this transaction, Parvez ‘Chris’ Merchant represented Malabar Hill Capital as the buyer, working alongside broker Austin Aguilar from Resolut Re. The seller of the property was Brookfield Residential, completing this development site transaction in the San Marcos market.
Players
San Marcos Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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