Updated Oct 29, 2024
Dreamstone Investments Acquires Multifamily Property On Timberhill Dr In San Antonio
5072 Timberhill Drive
Units
340
Asset Type
MultiFamily
Closing
Apr 29, 2022
About this deal
AI
Located at 5072 Timberhill Dr, this multifamily property is a noteworthy asset in San Antonio. Spread over 21.5 acres, the property consists of 340 units, offering a substantial investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Units: 340
- Acres: 21.5
- Address: 5072 Timberhill Dr
- Market: San Antonio
Dreamstone Investments made a strategic move by acquiring this multifamily property. Represented by Will Balthrope and Drew Garza from Institutional Property Advisors (IPA) - Marcus & Millichap, the transaction was successfully completed on 04/29/2022.
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