A. David Lynd Of Lynd Acquisitions Group Purchases Multifamily Asset In San Antonio For $48M
SOLD
$48,000,000
Texas
See Similar DealsMultiFamily45,000 SF
Sold 11/12/2024
SOLD
A. David Lynd Of Lynd Acquisitions Group Purchases Multifamily Asset In San Antonio For $48M
714 Mccullough Avenue
See Similar DealsMultiFamily45,000 SF
Sold 11/12/2024
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$1,066
Total Square Footage:45,000 SF
Transaction Type:Sale
The transaction involved a multifamily asset located at 714 McCullough Avenue in the San Antonio market. The sale price was $48,000,000, comprised of 260 units, resulting in a price per unit of $184,615.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $48,000,000
- Address: 714 McCullough Avenue
- Market: San Antonio
- Units: 260
- Price Per Unit: $184,615
The transaction featured A. David Lynd representing Lynd Acquisitions Group, Ron Dalal from Declaration Partners, and Brandon Flury of Corten Real Estate as key buyers in the deal.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,560,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$170,533.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$227,544.49
Annual Debt Service$2,730,533.86
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