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4835 USAA Boulevard, San An...

American Landmark Apartments Acquires 328-Unit Multifamily Property In San Antonio
SOLDMultiFamily

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

Drew Garza

Institutional Property Advisors

Broker

$130.6M

vol

37 deals

Broker
Christine DeFilippis

Christine DeFilippis

American Landmark Apartments

Buyer

$281.1M

vol

6 deals

Buyer
KC
Koontz CorporationSeller

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