First Capital Advisors Acquires San Antonio Multifamily With Buyer's Rep Matt Michelson & Patton Jones - Newmark
11660 Huebner Road, San Antonio, Texas 78230, United States
Building Size
—
Asset Type
MultiFamily
Closing
Feb 6, 2022
AI
The multifamily property located at 11660 Huebner Road in San Antonio has been sold in a recent transaction. The property consists of 192 units and has been purchased by First Capital Advisors. The seller of the property was RSN Property Group and Wildhorn Capital. The deal was facilitated by brokers Matt Michelson and Patton Jones from Newmark.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 11660 Huebner Road
- Market: San Antonio
- Units: 192
The acquisition of the multifamily property by First Capital Advisors marks a significant investment move in the San Antonio market. The sellers, RSN Property Group and Wildhorn Capital, recognized the value of the property and entrusted its sale to brokers Matt Michelson and Patton Jones from Newmark. This deal highlights the ongoing activity and demand in the multifamily real estate sector in San Antonio.
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