Unknown Buyer Purchases MultiFamily Property On Huebner Rd, San Antonio
8727 Huebner Rd, San Antonio, TX, 7...
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
AI
Atrium Commons, a 256-unit apartment community located on the north side of San Antonio, was recently sold in a transaction facilitated by Independence Commercial Advisors. Built in 1983, the property offers studio, one- and two-bedroom units along with amenities such as a pool, fitness center, clubhouse, and a dog park. The seller, a Texas-based limited liability company, was represented by Michael Moffitt of Independence Commercial Advisors. The sales price and the identity of the buyer remain undisclosed.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not Disclosed
- Address: 8727 Huebner Rd, San Antonio, TX, 78240
- Market: San Antonio
- Seller's Rep: Michael Moffitt (Independence Commercial Advisors)
- Buyer: Unknown
The sale of Atrium Commons in San Antonio involved locally based brokerage firm Independence Commercial Advisors, with Michael Moffitt playing a pivotal role as the seller's representative. The transaction underscores the active commercial real estate market in San Antonio, showcasing continued investment interest in multi-family assets within the region.
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