TMG Sells Stepping Stone Apartments in San Antonio After 14-year Ownership

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, recently announced its role in the sale of the B-Class Stepping Stone Apartments located in San Antonio.

Seller Representation and Buyer Procurement

Paul Yazbeck represented the seller, an established local owner with 14 years of ownership, while Greg Miller facilitated the buyer procurement.

Buyer Selection Process

Miller highlighted the significant interest the property garnered, receiving 21 offers during the marketing phase. Ultimately, a local syndicator with a proven track record in the San Antonio market was chosen. The buyer intends to enhance the property through economies of scale and interior renovations.

Property Features

Constructed in 1985, Stepping Stone Apartments offer various amenities, including a laundry facility, swimming pool, playground, and picnic/grilling areas. Each unit features a private balcony, with some utilities, such as high-speed internet, included in the rent. The property, situated at 7737 Skolout Street, comprises 80 units with one- and two-bedroom options ranging from 550 to 850 square feet.

Location and Surrounding Amenities

The property's prime location near Highway 90 and the Loop-410 Interchange adds to its appeal. Located approximately 13 miles southwest of downtown San Antonio in the Lackland Terrace neighborhood, residents have access to various nearby amenities. Lackland Terrace Park offers recreational facilities, including a skate park, sports facilities, playground, and picnic area. Additionally, the area boasts numerous dining options, including Tex-Mex and Thai restaurants, and shopping opportunities at the nearby Alamo Marketplace on US Highway 90.