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25675 Overlook Pkwy, San An...

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
SOLDMultiFamily

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

Patton Jones

Newmark

Broker

49 deals

Broker
CenterSquare Investment Management
CenterSquare Investment ManagementSeller

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