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13515 West Avenue, San Anto...

Embrey Acquires Multifamily Property In San Antonio For $UndisclosedM
SOLDMultiFamily

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

Patton Jones

Newmark

Broker

49 deals

Broker

Alex Sampson

Embrey

Buyer

2 deals

Buyer
Comerica Bank
Comerica BankLender

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