Nord Group Acquires 228-Unit Multifamily Property On Medical Drive In San Antonio
5380 Medical Drive
Building Size
476,000 SF
Asset Type
MultiFamily
Closing
Mar 13, 2023
AI
A multi-family property located at 5380 Medical Drive in San Antonio has been sold in a recent transaction. The property comprises 228 units and spans across approximately 476,000 square feet.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Address: 5380 Medical Drive
- Market: San Antonio
- Number of Units: 228
- Total Square Footage: 476,000
The buyer of the property is the Nord Group, represented by Saqif Noor, Baruch Teitelbaum, and Rebecca Tran. The sale was facilitated by Michael "Mike" Kerwin, Scott Bernstein, and Austin Marshak of Rosewood Realty Group.
Players
Market 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