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825 Johns Road, Boerne, TX ...

Brixton Capital Acquires Multifamily Property In Boerne
SOLDMultiFamily

Brixton Capital Acquires Multifamily Property In Boerne

825 Johns Road, Boerne, TX 78006, USA

Building Size

133,864 SF

Asset Type

MultiFamily

Closing

Dec 6, 2021

AI

The multifamily property located at 825 Johns Rd in Boerne has recently been sold in a closed transaction. The property spans a total square footage of 133,864 and consists of 172 units. The transaction took place on 12/06/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: N/A
  • Address: 825 Johns Rd, Boerne
  • Market: Boerne
  • Square Footage: 133,864
  • Units: 172

The buyer of the property is Brixton Capital, represented by Jim Hamilton. The seller is MHP Capital Inc. The buyer's representative in the deal is Coleton Burch from Rowan Multifamily Advisors. On the other side, Robert Arzola from JLL represents the seller.

Players

Roberto Arzola

JLL

Broker

$33M

vol

10 deals

Broker

Jim Hamilton

Brixton Capital

Buyer

2 deals

Buyer

Boerne 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