Vantage Communities Sells 288-Unit Multifamily Property In San Antonio To Will Balthrope & Drew Garza - IPA Marcus & Millichap
5002 North Loop 1604 East, San Antonio, Texas 78247, United States
Units
288
Asset Type
MultiFamily
Closing
Aug 3, 2022
AI
The multifamily property located at 5002 N Loop 1604 E in San Antonio has been sold in a recent transaction. The property consists of 288 units and is part of the market in San Antonio.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 08/04/2022
- Address: 5002 N Loop 1604 E
- Market: San Antonio
- Units: 288
The seller of the property was Vantage Communities. The transaction was facilitated by Will Balthrope and Drew Garza from Institutional Property Advisors (IPA) - Marcus & Millichap, who represented Vantage Communities in the deal.
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