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20915 Wilderness Oak, San A...

Passco Companies Acquires Multifamily Property In San Antonio From LIV Development
SOLDMultiFamily

Passco Companies Acquires Multifamily Property In San Antonio From LIV Development

20915 Wilderness Oak, San Antonio, TX 78258, USA

Building Size

1,696 SF

Asset Type

MultiFamily

Closing

Aug 20, 2020

AI

The multifamily property located at 20915 Wilderness Oak in San Antonio was recently sold in a transaction. The property consists of 297 units and was sold by LIV Development, represented by Andrew Murray. The buyer of the property was Passco Companies. The sale was facilitated by Will Balthrope and Drew Garza of Institutional Property Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Address: 20915 Wilderness Oak, San Antonio
  • Market: San Antonio
  • Seller: LIV Development - Andrew Murray
  • Buyer: Passco Companies
  • Brokers: Will Balthrope & Drew Garza - Institutional Property Advisors

The involvement of key individuals and companies is significant in this transaction. LIV Development, led by Andrew Murray, acted as the seller. Passco Companies emerged as the buyer for this multifamily property. The transaction was made possible with the expertise and representation of Will Balthrope and Drew Garza, who are brokers from Institutional Property Advisors.

Players

Drew Garza

Institutional Property Advisors

Broker

$130.6M

vol

37 deals

Broker
PC
Passco CompaniesBuyer

Andrew C Murray

LIV Development

Seller

$3.8M

vol

3 deals

Seller

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