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
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