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

Property Image
SOLD
$108,750,000
Matt Yeckes
Jonathan Brody
Aaron Jungreis

Texas

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MultiFamily
Sold 08/07/2020
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Property Image
SOLD

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

5470 5th Street, San Antonio, TX, USA

See Similar Deals
MultiFamily
Sold 08/07/2020
Matt Yeckes
Jonathan Brody
Aaron Jungreis
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

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
Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER
Jonathan Brody
Base Realty Group
Jonathan Brody
48 deals$1.7B volume(516) 507-0193
BROKER
Matt Yeckes
Rosewood Realty Group
Matt Yeckes
1 deal$108.8M volume
BROKER
SP
Sun Equity Partners
BUYER
KR
Kairoi Residential
SELLER

Details

SOLD
IMAGE: Matt Yeckes, Aaron Jungreis, Jonathan Brody DATE: 08/07/2021 ADDRESS: 5470 W. Military Dr., 5100 NW Loop 410, 2167 NE Loop 410 & 3903 Barrington St. MARKET: San Antonio, TX ASSET TYPE: Multifamily BUYER: Sun Equity Partners SELLER: Kairoi Residential BROKERS: Aaron Jungreis @aaronjungreis , Jonathan Brody @jonathanjbrody & Matt Yeckes @mattyeckes @RosewoodRG SALE PRICE: $108,750,000 UNITS: 1,230 ~ PPU: $88,415

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,800,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$386,365.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$515,530.48
Annual Debt Service$6,186,365.78