Type: Net-lease retail · Sale price: $11,750,000 · Closed: December 2016
Net-lease Walmart retail investment in San Antonio (Texas), sold December 2016 for $11,750,000.
2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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