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12511 Jones Maltsberger Roa...

Orion Real Estate Partners Acquires 180-Unit Multifamily In San Antonio With Marc Venegas & Mark Limpert
SOLDMultiFamily

Orion Real Estate Partners Acquires 180-Unit Multifamily In San Antonio With Marc Venegas & Mark Limpert

12511 Jones Maltsberger Road, San Antonio, Texas 78247, United States

Building Size

34,952 SF

Asset Type

MultiFamily

Closing

Jun 27, 2022

AI

On June 28, 2022, a multifamily property located at 12511 Jones Maltsberger Rd in San Antonio was sold. The property consists of 180 units spread over 7.4 acres.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 12511 Jones Maltsberger Rd
  • Market: San Antonio
  • Units: 180
  • Acres: 7.4

The buyer of the property was Orion Real Estate Partners, represented by Marc Venegas and Mark Limpert. The lender involved in the transaction was East West Bank, while CBRE Multifamily Capital acted as the mortgage broker.

Players

Marc Venegas

Orion Real Estate Partners

Buyer

$80M

vol

3 deals

Buyer
OP
Orion Real Estate PartnersBuyer

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