American Landmark Apartments Acquires 328-Unit Multifamily Property In San Antonio
4835 USAA Boulevard, San Antonio, TX 78240
Building Size
1,451 SF
Asset Type
MultiFamily
Closing
Oct 26, 2021
AI
A multifamily property located at 4835 USAA Blvd in San Antonio has been sold. The property spans across 15.2 acres and comprises 328 units. The transaction took place on October 26, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 4835 USAA Blvd
- Market: San Antonio
- Acres: 15.2
- Units: 328
American Landmark Apartments, represented by Christine DeFilippis, acquired the property from Koontz Corporation. The sale was facilitated by Will Balthrope and Drew Garza from Institutional Property Advisors, a division of Marcus & Millichap.
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