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5380 Medical Drive

Nord Group Acquires 228-Unit Multifamily Property On Medical Drive In San Antonio
SOLDMultiFamily

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

Mike Kerwin

Rosewood Realty Group

Broker

$292.3M

vol

31 deals

Broker
Saqif Noor

Saqif Noor

Nord Group

Buyer

$9.4M

vol

5 deals

Buyer
Nord Group
Nord GroupBuyer

Market 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