Updated Feb 16, 2024
DJE Texas Management Group Acquires 400-Unit Multifamily Property In San Antonio
9001 Wurzbach Road, San Antonio, TX 78240
Building Size
32,600 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
About this deal
AI
The multifamily property located at 9001 Wurzbach Road in San Antonio has been sold. The transaction took place on June 14, 2021. The property consists of 400 units and is considered a valuable asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 06/14/2021
- Address: 9001 Wurzbach Road, San Antonio
- Market: San Antonio
- Units: 400
The buyer of the property is DJE Texas Management Group, represented by Devin Elder. DJE Texas Management Group saw the potential in the multifamily property and made the decision to acquire it. The deal was successfully closed, and the property now belongs to DJE Texas Management Group.
Players
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