Benjamin Kalter & Drew Garza Of Institutional Property Advisors Represent Seller In Kerrville Multifamily Sale
516 Brian Drive, 100 Park Lane & 708 Smokey Mountain Drive
Building Size
101,925 SF
Asset Type
MultiFamily
Closing
Apr 1, 2026
AI
516 Brian Drive, 100 Park Lane & 708 Smokey Mountain Drive is a portfolio of smaller multifamily assets located in Kerrville, comprising a total square footage of 101,925 and featuring 119 units. The properties, built in the 1970s, provide opportunities for value-add improvements.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 516 Brian Drive, 100 Park Lane & 708 Smokey Mountain Drive
- Market: Kerrville
- Total Square Footage: 101,925
- Total Units: 119
- Seller's Representatives: Benjamin Kalter & Drew Garza - Institutional Property Advisors - Marcus & Millichap
This transaction includes the representation of the seller by Benjamin Kalter and Drew Garza, who are associated with Institutional Property Advisors at Marcus & Millichap, indicating their expertise in handling such multifamily property deals.
Players
Kerrville 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