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
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