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| Presidio at the Landmark Apartments, 14100 Vance Jackson Road, San Antonio, TX |
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| Will Balthrope |
SAN ANTONIO,
TX – Institutional Property Advisors (IPA), a division of Marcus &
Millichap specializing in serving institutional and major private real estate
investors, is pleased to announce the sale of Presidio at the Landmark, a 412-unit luxury apartment community in
San Antonio. The terms of the sale were not disclosed.
IPA executive director Will Balthrope and IPA director Drew Kile represented the seller and
procured the buyer.
“Presidio at the Landmark’s
strategic location near high-traffic expressways, large corporate employers and
recently developed regional retail centers, along with San Antonio’s expanding
population and strong job market, position it well to provide the new owner
with long-term stability and value appreciation,” says Balthrope.
“The asset also offers an
opportunity for value creation through the implementation of a unit
modernization program that will place the property on par with newer comparable
assets,” adds Kile. “With the transition to an updated, contemporary style,
Presidio at the Landmark could become one of the area’s beacon properties.”
Built in 2008 on nearly 31 acres at
14200 Vance Jackson Road in northwest San Antonio’s Interstate 10/Loop 1604
area, the property is less than one mile from The Rim, the highest income
shopping mall in the city.
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| Drew Kile |
Another high-end shopping mall, The Shops at
La Cantera, is located just three miles from Presidio at the Landmark. Nearby
employers include the USAA world headquarters, the South Texas Medical Center
and the University of Texas at San Antonio.
Apartments at Presidio at the
Landmark feature upgraded appliances, garden tubs, walk-in closets, washer and
dryer connections and hardwood floors.
Select units have vaulted ceilings and
attached garages. Community amenities include controlled, gated access,
resort-style swimming pools, a fitness center, clubhouse, business center,
billiards/game room, pet park and barbecue grill.
For a complete copy of the company’s
news release, please contact:
Gina Relva
Public
Relations Manager
(925)
953-1716
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