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8027 South Zarzamora Street...

Tapi River Group LLC Acquires 88-Unit Multifamily In San Antonio From Overland Capital Investments
SOLDMultiFamily

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

Bryan VanCura

NorthMarq

Broker

13 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