JLL Brokers Sale of San Antonio Community
- Apr 18, 2018
Achieve Investment Group has purchased Villa de Oro, a 150-unit community in southwest San Antonio, from a private owner. JLL secured acquisition financing for the property, which previously traded for roughly $7.9 million in 2016, according to Yardi Matrix.
The garden-style asset is located at 130 Camino De Oro, next to the South San Antonio High School and the Southwest General Hospital. South Park Mall and Interstate 35 are both a five-minute drive away. Villa de Oro, situated on a 5.1-acre parcel, comprises efficiency, one- and two-bedroom units in eight three-story buildings. Common-area amenities include:
- swimming pool
- laundry facilities
JLL Capital Markets Vice President CW Sheehan led the financing team, while Senior Vice President Moses Siller represented the seller.
“Population growth and job gains in the region have made multifamily assets extremely attractive to investors,” said Sheehan, in prepared remarks. “There’s tremendous upside in value-add products like Villa de Oro.”
Image courtesy of Yardi Matrix