Cottonwood Group & Texsun Holdings Acquire 240-unit Multifamily Property In San Antonio
8120 Mainland Drive,San Antonio,Texas
Building Size
—
Asset Type
MultiFamily
Closing
Nov 23, 2022
AI
Jim Young, Matt Michelson, and Chase Easley of Newmark represented the buyer, Cottonwood Group and Texsun Holdings, in the acquisition of a multifamily property in San Antonio. The property, located at 8120 Mainland Drive, consists of 240 units and was sold on November 23, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified in the provided information
- Address: 8120 Mainland Drive
- Market: San Antonio
- Units: 240
The buyer, Cottonwood Group and Texsun Holdings, enlisted the services of Jim Young, Matt Michelson, and Chase Easley from Newmark to facilitate the transaction.
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