Vanguard Real Estate Advisors Represents Seller In Closing 6.66 Acre Multifamily Development Site In San Antonio
Culebra Road And Gass Road, San Antonio, Tx
Building Size
209,110 SF
Asset Type
Development Site
Closing
Feb 24, 2025
AI
A 6.66+/- acre multifamily development site has been closed in the San Antonio market, specifically located along Culebra Road (FM 471). Vanguard Real Estate Advisors represented the seller in this transaction.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: Culebra Road & Gass Road
- Date of Transaction: 02/24/2025
- Brokers: Jordan Cortez, Will Droese & Reid Pierce - Vanguard Real Estate Advisors
The closing involved key representatives from Vanguard Real Estate Advisors, who facilitated the transaction for the seller. Interested parties can contact Jordan Cortez, Will Droese, or Reid Pierce for additional details regarding the property and transaction.
Players
San Antonio Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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