Kanesville Capital Acquires 388-Unit Multifamily Property In San Antonio
400 W Bitters Rd, San Antonio, TX 78232, USA
Building Size
1,008 SF
Asset Type
MultiFamily
Closing
May 18, 2021
AI
Wildhorn Capital has sold a multifamily property located at 400 W Bitters Rd & 11530 Vance Jackson Rd in San Antonio. The transaction took place on May 19, 2021. The property consists of 388 units, making it a significant investment in the San Antonio market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 400 W Bitters Rd & 11530 Vance Jackson Rd, San Antonio
- Market: San Antonio
- Units: 388
Kanesville Capital emerged as the buyer in this transaction. The brokerage services were provided by Matt Michelson from Newmark, representing both the seller, Wildhorn Capital, and the buyer, Kanesville Capital. The involvement of multiple parties in the deal highlights the collaborative efforts to close this multifamily property transaction in San Antonio.
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