Lynd Living Acquires 288-Unit MultiFamily Property In San Antonio From Helu Capital
7027 Farm-To-Market Rd 78 San Antonio, TX 78244, USA
Building Size
230,659 SF
Asset Type
MultiFamily
Closing
Jul 31, 2023
AI
A multi-family property located at 7027 FM 78 in San Antonio has been sold in a recent transaction. The property consists of 288 units with a total square footage of 230,659. The sale was completed on 07/31/2023.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not provided
- Address: 7027 FM 78
- Market: San Antonio
- Units: 288
- Square Footage: 230,659
The buyer in this transaction was Lynd Living represented by David Lynd and Marshall Shear. The seller was Helu Capital. The buyer was represented by Zachary Meyer from Rosewood Realty Group, while the seller was represented by Daniel Shabtai, also from Rosewood Realty Group.
Players
Texas 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