Updated Oct 28, 2024
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
About this deal
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.
On the Map
MultiFamily
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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