29th Street Capital Acquires 308-Unit Multifamily In San Antonio
13012 Oak Terrace Drive, San Antonio, Texas 78233, United States
Building Size
29,154 SF
Asset Type
MultiFamily
Closing
Jun 7, 2022
AI
The multifamily property located at 13012 Oak Terrace in San Antonio has been sold. The transaction took place on 06/08/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Number of Units: 308
- Seller: 29th Street Capital (29SC)
- Seller's Brokers: Jim Young, Matt Michelson & Chase Easley - Newmark
- Mortgage Brokers: Matt Greer & Andrew Wilson - Newmark
The deal was facilitated by Jim Young, Matt Michelson, and Chase Easley from Newmark. They represented the seller, 29th Street Capital (29SC). Additionally, Matt Greer and Andrew Wilson from Newmark acted as mortgage brokers in the transaction.
Players
Live Oak 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