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13101 East Loop 1604 North,...

Philly Ji Acquires Multifamily Property In San Antonio From Sholom Jacobs - Jacobs Real Estate Advisors
SOLDMultiFamily

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

Michael Watson

Broker

3 deals

Broker
Sholom Jacobs

Sholom Jacobs

Jacobs Real Estate Advisors

Seller

$34.7M

vol

7 deals

Seller

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