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8727 Huebner Rd, San Antoni...

Unknown Buyer Purchases MultiFamily Property On Huebner Rd, San Antonio
SOLDMultiFamily

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.

Players

Michael Moffitt

Independence Commercial Advisors

Broker

2 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