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14200 Vance Jackson Road

MetLife Investment Management Sells 412-Unit NOVA Apartments In San Antonio Brokered By JLL
SOLDMultiFamily

MetLife Investment Management Sells 412-Unit NOVA Apartments In San Antonio Brokered By JLL

14200 Vance Jackson Road

Building Size

352,912 SF

Asset Type

MultiFamily

Closing

Feb 28, 2025

AI

The property asset involved in the transaction is the 412-unit NOVA Apartments located at 14200 Vance Jackson Road in San Antonio, TX. This multifamily asset encompasses a total area of 352,912 square feet and is situated on 31 acres. The community was constructed in 2009 and includes features such as resort-style pools, a fitness center, and a jogging trail, with convenient access to major thoroughfares including I-10, Loop 1604, and The RIM.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 412
  • Square Footage: 352,912
  • Acres: 31
  • Seller: John D. McCallion - Metlife Investment Management
  • Brokers: Roberto Arzola, Ryan McBride & Robert Wooten - JLL
  • Date of Transaction: 02/28/2025

The individuals key to this transaction include John D. McCallion representing Metlife Investment Management as the seller. The brokerage team from JLL, consisting of Roberto Arzola, Ryan McBride, and Robert Wooten, facilitated the sale of the property, ensuring a smooth transaction process.

Players

Ryan McBride

JLL

Broker

10 deals

Broker
MM
MetLife Investment ManagementSeller

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