Units: 0 · Sale price: $11,750,000 · Price per unit: $0 · Closed: December 2016
A 0-unit small multifamily property at Walmart in San Antonio (Texas), sold December 2016 for $11,750,000 — approximately $0 per unit.
2016 was mid-cycle for LA multifamily. Cap rates had compressed meaningfully from post-2008 highs. Pricing was strong across stabilized inventory.
Multifamily property in the Sterman Multifamily Group transaction archive.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
This transaction is part of the Sterman Multifamily Group closed archive — $1.41 billion across 254 closed transactions over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
$1.41 billion across 254 closed transactions.
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