Kent Myers & Nico Bianchi Of Marcus & Millichap Acquire 120-Unit Multifamily Property In Floresville For $Not Disclosed
386 Paloma Dr, Floresville, Texas 78114, United States
Building Size
124,092 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
Located in Floresville, the property at 386 Paloma Dr recently changed hands in a sale transaction. The multifamily asset consists of 120 units spanning 124,092 square feet. The transaction took place on March 31, 2022, with the property being represented by brokers Kent Myers and Nico Bianchi from Marcus & Millichap.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 120
- Square Footage: 124,092 SF
- Address: 386 Paloma Dr
- Market: Floresville
The sale of 386 Paloma Dr was facilitated by Kent Myers and Nico Bianchi, who represent Marcus & Millichap.
Players
Floresville 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