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5470 5th Street, San Antoni...

Sun Equity Partners Acquires Multifamily Portfolio In San Antonio For $108.8M
SOLDMultiFamily

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

214 deals

Broker
SP
Sun Equity PartnersBuyer
KR
Kairoi ResidentialSeller

San Antonio 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93