Venterra Realty Acquires 264-Unit Multifamily Property On Wurzbach Road San Antonio
4707 Wurzbach Rd, San Antonio, TX 78238, USA
Building Size
1,450 SF
Asset Type
MultiFamily
Closing
Nov 5, 2020
AI
The property asset involved in this transaction is a multifamily apartment complex located at 4707 Wurzbach Road, San Antonio. The complex comprises a total of 264 units. This transaction marks a significant movement in the multifamily asset market in San Antonio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 4707 Wurzbach Road
- Market: San Antonio
- Units: 264
- Buyer: Venterra Realty
- Buyer's Representative: John Foresi
This deal highlights the involvement of Venterra Realty, with John Foresi representing them in this transaction. Details regarding the motivations or strategies behind the acquisition are not specified.
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