Updated Oct 28, 2024
Sherman Residential Acquires Multifamily Property In San Antonio
1938 East Sonterra Boulevard, San Antonio, TX 78259
Building Size
1,380 SF
Asset Type
MultiFamily
Closing
Jan 5, 2022
About this deal
AI
The multifamily property located at 1938 E. Sonterra Boulevard in San Antonio has been sold in a recent transaction. The property features a total of 323 units, making it an attractive investment opportunity in the market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 1938 E. Sonterra Boulevard
- Market: San Antonio
- Units: 323
Sherman Residential has acquired the property from Embrey. Represented by John Kirk, the sale was facilitated by Patton Jones & Matt Michelson of Newmark as the seller's representatives.
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