Marcus & Millichap closed the sale of The Annex, a 144-unit multifamily property in San Antonio, Texas. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured the financing.
Ben Kalter, Drew Garza and Will Balthrope, investment specialists in Marcus & Millichap’s San Antonio and Dallas offices, had the exclusive listing to market the property before the lender foreclosed.
John Brickson, managing director in the firm’s Dallas office, secured the financing.
The Annex is situated on 6.62 acres at 326 Whitewood St., near Lackland Air Force Base and five miles from downtown San Antonio. The property includes 144 units across 98,748 square feet, offering a mix of studio, one-, two- and three-bedroom floor plans. Originally built in 1969, it has recently undergone exterior and amenity upgrades.
