Updated Oct 28, 2024
DB Capital Management Acquires Multifamily Property In San Antonio From FPA Multifamily
5707 Tpc Parkway, San Antonio, Texas 78261, United States
Units
408
Asset Type
MultiFamily
Closing
Jun 14, 2022
About this deal
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.
On the Map
MultiFamily
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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