Sun Equity Partners Acquires Multifamily Portfolio In San Antonio For $108.8M
5470 5th Street, San Antonio, TX, USA
$108,750,000
Units
1,230
Asset Type
MultiFamily
Closing
Aug 7, 2020
AI
The multifamily property located at 5470 W. Military Dr., 5100 NW Loop 410, 2167 NE Loop 410, and 3903 Barrington St. in San Antonio, TX has been sold in a closed transaction. The property consists of 1,230 units, with a sale price of $108,750,000, resulting in a price per unit (PPU) of $88,415.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $108,750,000
Sun Equity Partners has acquired the property from Kairoi Residential. The transaction was facilitated by brokers Aaron Jungreis, Jonathan Brody, and Matt Yeckes from Rosewood Realty Group.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93