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7714 Louis Pasteur Drive

Mark Wolf Of AHV Communities Acquires 330-Unit Multifamily Property In San Antonio For The Sterling At Oak Hills
SOLDMultiFamily

Mark Wolf Of AHV Communities Acquires 330-Unit Multifamily Property In San Antonio For The Sterling At Oak Hills

7714 Louis Pasteur Drive

Building Size

Asset Type

MultiFamily

Closing

Dec 6, 2024

AI

The property asset involved in this transaction is a 330-unit luxury multifamily property known as The Sterling at Oak Hills, located at 7714 Louis Pasteur Drive in San Antonio's South Texas Medical Center area. This asset type is classified as MultiFamily. The acquisition represents AHV Communities' first multifamily investment within the San Antonio market, strategically positioned near major medical institutions, employers, and retail destinations.

Summary of transaction details:

This transaction highlights the involvement of key individuals, including Mark Wolf representing the buyer, AHV Communities, as they expand their portfolio into the San Antonio area. The brokerage team from Newmark, comprised of Patton Jones, Matt Michelson, and Andrew Dickson, facilitated this acquisition, contributing their expertise in the local real estate market.

Players

Patton Jones

Newmark

Broker

49 deals

Broker

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