Greysteel Arranges Sale Of El Paso Multifamily Property With 320 Units

Greysteel has facilitated the sale of El Sol del Lago, a 320-unit multifamily property located at 3102 Oradell Lane in El Paso, Texas. The property, built in 1973, was nearly fully occupied at the time of the transaction. The buyer and seller chose to remain anonymous, keeping the details of the deal undisclosed. However, the new owners have revealed their plans to implement a value-add program for the property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Number of Units: 320
• Address: 3102 Oradell Lane, El Paso, Texas
• Market: Dallas

Doug Banerjee, Andrew Mueller, John Tallis, and Sterling Warren, all representing Greysteel, served as the brokers for this transaction. Their expertise and negotiation skills played a key role in successfully finalizing the sale of El Sol del Lago. The involvement of these seasoned professionals highlights the significance of their contributions to the deal.