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5707 Tpc Parkway, San Anton...

DB Capital Management Acquires Multifamily Property In San Antonio From FPA Multifamily
SOLDMultiFamily

DB Capital Management Acquires Multifamily Property In San Antonio From FPA Multifamily

5707 Tpc Parkway, San Antonio, Texas 78261, United States

Building Size

Asset Type

MultiFamily

Closing

Jun 14, 2022

AI

The multifamily property located at 5707 TPC Parkway in San Antonio has been sold in a recent transaction. The property consists of 408 units and was acquired by DB Capital Management. The seller of the property was FPA Multifamily. The deal was facilitated by Patton Jones, Matt Michelson, and Andrew Dickson from Newmark.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 408
  • Address: 5707 TPC Parkway
  • Market: San Antonio

The acquisition of the multifamily property at 5707 TPC Parkway in San Antonio was completed by DB Capital Management. The seller of the property was FPA Multifamily. The deal was carried out with the assistance of Patton Jones, Matt Michelson, and Andrew Dickson from Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
DB Capital Management
DB Capital ManagementBuyer
FPA Multifamily
FPA MultifamilySeller

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