Updated Sep 9, 2024
Unknown Buyer Purchases MultiFamily Property On Huebner Rd, San Antonio
8727 Huebner Rd, San Antonio, TX, 7...
Units
256
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
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