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4707 Wurzbach Rd, San Anton...

Venterra Realty Acquires 264-Unit Multifamily Property On Wurzbach Road San Antonio
SOLDMultiFamily

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

John Foresi

Venterra Realty

Broker

$328.5M

vol

9 deals

Broker
Interra Realty
Interra RealtyBrokerage
John Foresi

John Foresi

Venterra Realty

Buyer

$328.5M

vol

9 deals

Buyer

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