SOLDMultiFamily
Velocis Acquires Multifamily Property At 5655 UTSA Boulevard In San Antonio
5655 UTSA Boulevard, San Antonio, TX, USA
Building Size
59,305 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
AI
A multifamily property located at 5655 UTSA Boulevard in San Antonio has been sold. The property consists of 208 units and was sold in a recent transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 5655 UTSA Boulevard
- Market: San Antonio
- Number of Units: 208
The buyer, Velocis, was represented by Mike Lewis, while the seller, Allen Harrison Co, was represented by Paul Forbes.
Players
VelocisBrokerage
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