Updated Oct 28, 2024
PEM Acquires 361-Unit Multifamily In San Antonio From J3 Huebner Oaks LP
11138 Huebner Oaks, San Antonio, TX 78230
Building Size
1,557 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
The recent closed property transaction involves a multifamily asset located at 11138 Huebner Oaks in San Antonio. The property consists of 361 units and was sold on 10/22/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 11138 Huebner Oaks
- Market: San Antonio
- Units: 361
PEM acted as the buyer, while the seller was J3 Huebner Oaks LP. The buyer was represented by the Godfrey Residential Group. On the other hand, Will Balthrope and Drew Garza from Institutional Property Advisors - Marcus & Millichap served as the seller's representatives.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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