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7027 Farm-To-Market Rd 78 S...

Lynd Living Acquires 288-Unit MultiFamily Property In San Antonio From Helu Capital
SOLDMultiFamily

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

Daniel Shabtai

Rosewood Realty Group

Broker

$43M

vol

6 deals

Broker

David Lynd

Lynd Living

Buyer

$1.1B

vol

17 deals

Buyer
LL
Lynd LivingBuyer
HC
Helu CapitalSeller

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