SOLDMultiFamily
Helu Capital Acquires 64-Unit Multifamily In San Antonio From Cornerstone Investments
1302 Pinn Road, San Antonio, Texas 78227, United States
Building Size
—
Asset Type
MultiFamily
Closing
Apr 11, 2022
AI
1302 Pinn Rd in San Antonio has been sold in a closed transaction. The property is a multifamily asset consisting of 64 units. The sale was completed on 04/12/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Buyer: Helu Capital
- Seller: Cornerstone Investments
- Broker: Daniel Shabtai - Rosewood Realty Group
Daniel Shabtai from Rosewood Realty Group represented both the buyer, Helu Capital, and the seller, Cornerstone Investments, in this transaction.
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