Tapi River Group LLC Acquires 88-Unit Multifamily In San Antonio From Overland Capital Investments
8027 South Zarzamora Street, San Antonio, Texas 78224, United States
Building Size
—
Asset Type
MultiFamily
Closing
Jul 17, 2022
AI
A multifamily property located at 8027 South Zarzamora Street and 7907 Delight Street in San Antonio has been sold in a closed transaction. The property consists of 88 units and was sold by Overland Capital Investments to Tapi River Group LLC. The deal was facilitated by brokers Bryan VanCura and Zar Haro from Northmarq. The transaction took place on July 18, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Date: 07/18/2022
- Address: 8027 South Zarzamora Street & 7907 Delight Street
- Market: San Antonio
- Units: 88
Cheryl Higley from Northmarq acted as the mortgage broker in this 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