150-Unit Multifamily Asset in San Antonio Sold by IPA
SAN ANTONIO, Nov. 1, 2017 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of The Quarry Luxury Townhomes, a 150-unit multifamily property in San Antonio.
“Quarry Townhomes is an outstanding value-add asset located in the Alamo Heights submarket, within the vibrant San Antonio market,” says Will Balthrope, executive director. “The property is well positioned to provide new ownership with value appreciation and long-term stability.”
Balthrope, Drew Kile, senior director and Jordan Featherston, associate, represented the seller, and procured the buyer, San Francisco-based Hamilton Zanze.
The property was built in 2001 on 6.5 acres at 250 Treeline Park near downtown San Antonio, and is close to Quarry Golf Club, Olmos Basin Golf Course and the North Star Mall. The average unit size is 1,172 square feet.