Weston Urban Acquires Soap Factory Apartments In San Antonio
500 N Santa Rosa St San Antonio, TX 78207, USA
Building Size
—
Asset Type
MultiFamily
Closing
Sep 6, 2023
AI
Weston Urban has acquired the Soap Factory Apartments, a 381-unit multifamily property located at 500, 600, and 601 North Santa Rosa Street in San Antonio. The exact purchase price for the transaction has not been disclosed. The property spans across 3 acres and is situated in the San Antonio market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Units: 381
- Acres: 3
- Address: 500, 600 & 601 North Santa Rosa Street, San Antonio
- Market: San Antonio
The buyer of the Soap Factory Apartments is Randy Smith, representing Weston Urban. The deal was facilitated by brokers Matt Michelson, Patton Jones, and Andrew Dickson from Newmark. TransPecos Banks provided the financing for this acquisition.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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