Updated Dec 21, 2023
David P. Zar & Shawn Hakimian Acquire 191-Unit Multifamily Property In San Antonio
111 West Jones Avenue, San Antonio, Texas 78215, United States
Building Size
147,316 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
The multifamily property located at 111 W Jones Ave in San Antonio has been sold. The transaction took place on January 19, 2022. The property consists of 191 units with a total area of 147,316 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 111 W Jones Ave
- Market: San Antonio
- Units: 191
- Square Footage: 147,316
The buyers of the property are David P. Zar and Shawn Hakimian. They represented Strategic Properties of North America and North Point Capital Group in the deal.
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