CBRE Global Investors Acquires Multifamily Property In San Antonio From Knightvest Capital
4114 Medical Drive, San Antonio, TX 78229
Building Size
26,788 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
AI
Located at 4114 Medical Dr in San Antonio, this multifamily property recently changed hands in a sale transaction. The property consists of 596 units, making it a sizable investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 4114 Medical Dr
- Market: San Antonio
- Seller: Knightvest Capital - David Moore
- Buyer: CBRE Global Investors - Chuck Leitner
- Broker: Newmark
The seller, Knightvest Capital represented by David Moore, successfully closed the deal for this multifamily property. On the other side, the buyer, CBRE Global Investors, was represented by Chuck Leitner. The broker involved in facilitating this transaction was Newmark.
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