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9338 Perrin Beitel Road

Updated Dec 4, 2024

Olson Capital Acquires The Flats At 9338 Multifamily In San Antonio
SOLDMultiFamily

Olson Capital Acquires The Flats At 9338 Multifamily In San Antonio

9338 Perrin Beitel Road

Units

88

Asset Type

MultiFamily

Closing

May 1, 2024

About this deal

AI

The 88-unit multifamily property known as The Flats at 9338 in the Northeast San Antonio submarket was sold in a recent transaction. Situated on 3.17 acres at 9338 Perrin Beitel Road and built in 1974, the property offers convenient connectivity to major highways and employers in the area.

Summary of transation details:

Northmarq's San Antonio Multifamily Investment Sales team, led by Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe, Brian Booth, Rudy Dodier, and Kevin Garza, played a key role in brokering this transaction. The buyer, Olson Capital from Laguna Hills, California, added this acquisition to their diverse national holdings, showcasing a successful outcome achieved through collaborative efforts.

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MultiFamily

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Players

Moses Siller

NorthMarq

Broker

14 deals

Broker
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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

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