Updated Dec 21, 2023
Westmount Acquires Multifamily Property In San Antonio With Buyer's Rep Cliff Booth
10707 Interstate 10 West, San Antonio, Texas 78230, United States
Units
300
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
Westmount has recently completed the acquisition of a multifamily property in San Antonio. Located at 10707 IH-10 West, the property consists of 300 units, making it a substantial investment opportunity in the city's real estate market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 12/15/2021
- Address: 10707 IH-10 West
- Market: San Antonio
- Units: 300
Westmount, represented by its agent Cliff Booth, acted as the buyer in the transaction. This highlights Westmount's strategic approach to expanding its real estate portfolio in the San Antonio market.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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