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Local Syndicator Acquires Stepping Stone Apartments In San Antonio Multifamily Deal

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SOLD

Texas

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MultiFamily
Sold 05/02/2024
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SOLD

Local Syndicator Acquires Stepping Stone Apartments In San Antonio Multifamily Deal

7737 Skolout Street

See Similar Deals
MultiFamily
Sold 05/02/2024
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The B-Class Stepping Stone Apartments, located at 7737 Skolout Street in San Antonio, were sold in a recent transaction. Constructed in 1985, the property features 80 units with amenities such as a pool, playground, and private balconies. It is conveniently positioned near Highway 90 and the Loop-410 Interchange in the Lackland Terrace neighborhood.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 7737 Skolout Street, San Antonio
  • Market: San Antonio

Greg Miller and Paul Yazbeck from The Multifamily Group played pivotal roles in the sale process. Paul Yazbeck represented the seller, while Greg Miller facilitated the buyer's acquisition, chosen from a pool of 21 offers. The buyer is a local syndicator renowned for their success in the San Antonio market. They have ambitious plans to improve the property through operational efficiencies and interior upgrades.

Players

Paul Yazbeck
16 deals
BROKER

Greg Miller
The Multifamily Group
17 deals$194M volume
BROKER

Details

SOLD
IMAGE: Greg Miller & Paul Yazbeck DATE: 05/02/2024 ADDRESS: 7737 Skolout Street MARKET: San Antonio ASSET TYPE: Multifamily BROKERS: Greg Miller & Paul Yazbeck (@Paul.Yazbeck) - The Multifamily Group (@TheMultifamilyGroup) NOTE: The Multifamily Group (TMG) facilitated the sale of the B-Class Stepping Stone Apartments in San Antonio, with Paul Yazbeck representing the seller and Greg Miller procuring the buyer from a pool of 21 offers. The buyer, a local syndicator with a successful track record in the San Antonio market, plans to enhance the property through economies of scale and interior renovations. Stepping Stone Apartments, constructed in 1985 and featuring 80 units with various amenities including a pool, playground, and private balconies, is situated conveniently near Highway 90 and the Loop-410 Interchange in the Lackland Terrace neighborhood, offering residents access to nearby parks, dining options, and shopping centers.

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