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
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