Terrain Capital Partners Acquires Multifamily Property In Live Oak From Seller CFH Investment Partners
7828 Pat Booker Road, Live Oak, TX, USA
Building Size
26,772 SF
Asset Type
MultiFamily
Closing
Feb 22, 2021
AI
A multifamily property located at 7828 Pat Booker Road in Live Oak has been sold in a recent transaction. The property consists of 305 units and was sold by CFH Investment Partners to Terrain Capital Partners.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 02/23/2021
- Market: Live Oak
- Address: 7828 Pat Booker Road
- Units: 305
The sale was facilitated by brokers Patton Jones & Matt Michelson from Newmark, who represented the respective parties involved in the transaction.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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