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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93