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9914 Military Dr W, San Ant...

Terrain Capital Partners Acquires 24-acre Multifamily Property With 326 Units In San Antonio
SOLDMultiFamily

Terrain Capital Partners Acquires 24-acre Multifamily Property With 326 Units In San Antonio

9914 Military Dr W, San Antonio, TX, USA

Building Size

1,045,440 SF

Asset Type

MultiFamily

Closing

Oct 1, 2021

AI

9914 Military Dr W in San Antonio has been sold in a recent transaction. The property is a multifamily asset sitting on 24 acres of land and consists of 326 units. The sale took place on 10/01/2021.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Market: San Antonio
  • Address: 9914 Military Dr W
  • Acreage: 24 acres
  • Units: 326

Terrain Capital Partners, represented by Jayson Shaw, acquired the property. The seller was Flournoy Development Co., represented by Blake Breimann. Will Balthrope and Drew Garza, from Institutional Property Advisors - Marcus & Millichap, facilitated the transaction as brokers.

Players

Drew Garza

Institutional Property Advisors

Broker

$130.6M

vol

38 deals

Broker
TP
Terrain Capital PartnersBuyer

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