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
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