Updated Dec 4, 2024
David Toupin Acquires Multifamily Property In San Antonio With Toupin Holdings
900 Burr Road
Building Size
42,021 SF
Asset Type
MultiFamily
Closing
Jun 6, 2024
About this deal
AI
The multifamily property located at 900 Burr Road in San Antonio, spanning 42,021 square feet and consisting of 45 units, was recently sold in a transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Buyer: David Toupin - Toupin Holdings
- Brokers: Ben Kalter, Drew Garza & Will Balthrope - Institutional Property Advisors - Marcus & Millichap
The deal was facilitated by Ben Kalter, Drew Garza, and Will Balthrope from Institutional Property Advisors at Marcus & Millichap, representing the buyer and ensuring a successful transaction.
On the Map
MultiFamily
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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