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1476 East Mccarty Lane

Kalterra Capital Partners Sells Multifamily Property In San Marcos
SOLDMultiFamily

Kalterra Capital Partners Sells Multifamily Property In San Marcos

1476 East Mccarty Lane

Building Size

Asset Type

MultiFamily

Closing

Apr 1, 2021

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

Jordan Featherston

Institutional Property Advisors

Broker

$350M

vol

11 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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