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1150 Babcock Rd, San Antoni...

DJE Texas Management Group Acquires 154-Unit Multifamily In San Antonio
SOLDMultiFamily

DJE Texas Management Group Acquires 154-Unit Multifamily In San Antonio

1150 Babcock Rd, San Antonio, TX 78201, USA

Building Size

665 SF

Asset Type

MultiFamily

Closing

Oct 5, 2020

AI

The multifamily property located at 1150 Babcock Road in San Antonio has been sold. The transaction took place on October 6, 2020. The property consists of 154 units and was acquired by DJE Texas Management Group.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 1150 Babcock Road
  • Market: San Antonio
  • Units: 154

The deal was facilitated by Chris Siemasko and Bryce Smith from The Multifamily Group, who represented the buyer, DJE Texas Management Group, in the transaction.

Players

Bryceson Smith

The Multifamily Group

Broker

13 deals

Broker
DG
DJE Texas Management GroupBuyer

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