Atlantic | Pacific Cos. Acquires 320-Unit Multifamily In San Antonio From Internacional & CenterSquare Investment Management With Newmark's Patton Jones, Matt Michelson & Andrew Dickson As Brokers
25675 Overlook Pkwy, San Antonio,Texas78260, USA
Building Size
—
Asset Type
MultiFamily
Closing
Oct 10, 2022
AI
The multifamily property located at 25675 Overlook Pkwy in San Antonio has been sold in a closed transaction. The property consists of 320 units and was part of the sale conducted on 10/10/2022. The transaction involved the participation of the buyer, Atlantic | Pacific Cos., and the seller, Internacional & CenterSquare Investment Management. The deal was facilitated by brokers Patton Jones, Matt Michelson, and Andrew Dickson from Newmark.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 320
- Buyer: Atlantic | Pacific Cos.
- Seller: Internacional & CenterSquare Investment Management
- Brokers: Patton Jones, Matt Michelson, and Andrew Dickson - Newmark
The involvement of Atlantic | Pacific Cos. as the buyer and Internacional & CenterSquare Investment Management as the seller highlights their role in the transaction. The buyers and sellers in this deal demonstrate the significance of this closed transaction in the San Antonio market.
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