Embrey Acquires Multifamily Property In San Antonio For $UndisclosedM
13515 West Avenue, San Antonio, TX 78216
Building Size
—
Asset Type
MultiFamily
Closing
Nov 2, 2022
AI
On 11/02/2022, a multifamily property located at 13515 West Avenue in San Antonio was sold. The property consists of 252 units and was part of a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 13515 West Avenue, San Antonio
- Market: San Antonio
- Units: 252
The buyer of the property was Embrey, represented by Alex Sampson. The brokers involved in the deal were Matt Michelson and Pat Jones, who represented the buyer. The seller's brokers were Newmark.
The lender for this transaction was Comerica. Tyler Nowlin and Andy Hill from Berkadia acted as mortgage brokers for the deal.
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