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326 South Flores Street, Sa...

SPI Advisory Acquires Multifamily Property In San Antonio
SOLDMultiFamily

SPI Advisory Acquires Multifamily Property In San Antonio

326 South Flores Street, San Antonio, TX 78204

Building Size

339 SF

Asset Type

MultiFamily

Closing

Jan 4, 2022

AI

An apartment complex located at 326 South Flores St. in San Antonio has been sold in a recent transaction. The multifamily property consists of 339 units and was successfully sold.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 326 South Flores St.
  • Market: San Antonio
  • Units: 339

SPI Advisory acquired the property in this transaction. The buyer was represented by Matt Michelson and Patton Jones from Newmark. The mortgage brokers involved were Hank Glasgow and Braden Harmon, also from Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
SPI Advisory
SPI AdvisoryBuyer

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