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714 Mccullough Avenue, San ...

Strategic Properties Of North America & Benefit Street Partners Acquires 260-Unit Multifamily In San Antonio
SOLDMultiFamily

Strategic Properties Of North America & Benefit Street Partners Acquires 260-Unit Multifamily In San Antonio

714 Mccullough Avenue, San Antonio, Texas 78215, United States

Building Size

7,224 SF

Asset Type

MultiFamily

Closing

Feb 1, 2022

AI

The multifamily property located at 714 McCullough Ave in San Antonio has been sold in a recent transaction. The property consists of 260 units and is part of the multifamily asset class. The sale took place on February 2, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Units: 260
  • Address: 714 McCullough Ave
  • Market: San Antonio

The buyer of the property is Strategic Properties of North America & Benefit Street Partners Multifamily Trust. They acquired the property from the seller, Stillwater Capital. The transaction was facilitated by brokers Patton Jones and Matt Michelson from Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
SA
Strategic Properties of North AmericaBuyer
SC
Stillwater CapitalSeller

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