Updated Dec 20, 2023
FCP And OREI Acquire 284-Unit Multifamily Property In San Antonio
1955 Larkspur Dr, San Antonio, TX 78213
Units
284
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
1955 Larkspur Drive, a multifamily property located in San Antonio, was recently sold in a closed transaction. The property consists of 284 units, making it an attractive investment opportunity in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 05/13/2022
- Address: 1955 Larkspur Drive
- Market: San Antonio
- Units: 284
The buyer in this transaction is FCP, represented by Cole Kellogg, and One Real Estate Investment (OREI), represented by Jeronimo Hirschfeld. They recognized the potential of 1955 Larkspur Drive and seized the opportunity to acquire this multifamily asset. Will Caruth of Berkadia facilitated the deal as the broker representing the buyer.
On the Map
MultiFamily
View full map
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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