Aria Victoria Apartments LLC Purchases 240-Unit Multifamily In Victoria For $28.8 Million

The transaction involved a multi-family asset located at 8311 Zac Lentz Parkway in Victoria. The property comprises 240 units and was originally built in 2015, with a transaction price of $28,800,000, resulting in a price per unit of $120,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $28,800,000
• Units: 240
• Address: 8311 Zac Lentz Parkway
• Market: Victoria
• Price Per Unit: $120,000

The seller was represented by Brad Shaffer from Newmark, while the buyer of the property is Aria Victoria Apartments LLC. This transaction illustrates the involvement of significant brokerage expertise in the multi-family real estate market in South Texas.