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11660 Huebner Road, San Ant...

First Capital Advisors Acquires San Antonio Multifamily With Buyer's Rep Matt Michelson & Patton Jones - Newmark
SOLDMultiFamily

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

Patton Jones

Newmark

Broker

49 deals

Broker
FA
First Capital AdvisorsBuyer
WC
Wildhorn CapitalSeller

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