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
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