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400 W Bitters Rd, San Anton...

Kanesville Capital Acquires 388-Unit Multifamily Property In San Antonio
SOLDMultiFamily

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

Matt Michelson

Newmark

Broker

27 deals

Broker
KC
Kanesville CapitalBuyer
WC
Wildhorn CapitalSeller

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