Philly Ji Acquires Multifamily Property In San Antonio From Sholom Jacobs - Jacobs Real Estate Advisors
13101 East Loop 1604 North, Live Oak, TX, USA
Building Size
164,000 SF
Asset Type
MultiFamily
Closing
Dec 20, 2020
AI
The multifamily property located at 13101 E Loop 1604 N in San Antonio has been sold in a recent transaction. The sale was finalized on 12/21/2020 with a total square footage of 164,000. The property consists of 104 units, making it an attractive investment for buyers in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Date: 12/21/2020
- Address: 13101 E Loop 1604 N
- Market: San Antonio
- Square Footage: 164,000
- Units: 104
The seller of the property was Sholom Jacobs, represented by Jacobs Real Estate Advisors. The buyer, Philly Ji, successfully acquired the property. The transaction was facilitated by broker Michael Watson, whose expertise in the market contributed to the successful completion of the deal.
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