Updated Oct 29, 2024
Kalterra Capital Partners Sells Multifamily Property In San Marcos
1476 East Mccarty Lane
Units
249
Asset Type
MultiFamily
Closing
Apr 1, 2021
About this deal
AI
The multifamily property located at 1476 E McCarty Ln in San Marcos was recently sold in a transaction on 04/02/2021. The property consists of 249 units and was sold by Kalterra Capital Partners.
Summary of transaction details
- Property Type: Multifamily
- Sale Date: 04/02/2021
- Address: 1476 E McCarty Ln
- Market: San Marcos
- Seller: Kalterra Capital Partners
- Units: 249
The sale of this multifamily property was facilitated by the following brokerage firms and their representatives: Will Balthrope, Jordan Featherston, and Drew Garza from Institutional Property Advisors, and Kent Myers from Marcus & Millichap.
Players
San Marcos 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