Updated Oct 28, 2024
The Lynd Group Acquires Multifamily Property In San Antonio For $49M
14006 Potranco Road, San Antonio, Texas 78253, United States
$49,000,000
$34,004/SF
Building Size
1,441 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
About this deal
AI
The multifamily property located at 14006 Potranco Road in San Antonio has been sold. The transaction was completed on March 11, 2022, and the property was acquired by The Lynd Group, represented by David Lynd and Constantine Scurtis.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Units: 244
- Price Per Unit (PPU): $200,820
David Lynd and Constantine Scurtis, from The Lynd Group, successfully completed the acquisition of this multifamily property. The transaction marks their latest investment in the San Antonio market. The property consists of 244 units, making it a significant addition to their portfolio.
On the Map
$49,000,000
$34,004/SF
MultiFamily
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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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93