facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

5500 Broadway, San Antonio,...

Clarion Partners Acquires 149-Unit Multifamily Property In Alamo Heights, San Antonio
SOLDMultiFamily

Clarion Partners Acquires 149-Unit Multifamily Property In Alamo Heights, San Antonio

5500 Broadway, San Antonio, Texas 78209, United States

Units

149

Asset Type

MultiFamily

Closing

Dec 20, 2021

AI

The multifamily property located at 5500 Broadway St in Alamo Heights, San Antonio has been sold in a recent transaction. The sale took place on 12/20/2021 and involved a total of 149 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified in CONTEXT
  • Address: 5500 Broadway St, Alamo Heights, San Antonio
  • Market: Alamo Heights, San Antonio
  • Units: 149

The buyer of the property was Clarion Partners, while the seller was Cypress Real Estate Advisors. The transaction was facilitated by brokers Patton Jones & Matt Michelson from Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
Clarion Partners
Clarion PartnersBuyer
Cypress Real Estate Advisors
Cypress Real Estate AdvisorsSeller
Clarion Partners
Clarion PartnersLender

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93