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12/19/14
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Oakland Hills, a newly constructed 120-unit apartment complex in Floresville, TX, traded hands. The price was not disclosed.
Completed this year on an 11.15-acre site at 386 Paloma Dr, the property is on the south side of Floresville at the intersection of Veterans Dr and Paloma Dr, minutes from Connolly Memorial Medical Center and within easy access of Hwy 181, the major corridor leading to San Antonio. There are 11 colleges and universities within a 25-mile radius, including Coastal Bend Community College in Pleasanton, Texas Lutheran University in Seguin and several in the central San Antonio area.
Apartments at Oakland Hills feature walk-in closets, washer and dryer connections, private patios or balconies, wood floors, faux-granite countertops, dark wood cabinets, electric appliances, nine-foot ceilings, crown moldings, large windows and garden bathtubs. Community amenities include a resident fitness center, a swimming pool, a business lounge with high-speed Internet access, gated entry, covered parking, a resident clubhouse, onsite management, and professionally landscaped grounds.
Joe James and Kent Myers, both associate vice presidents in Marcus & Millichap’s Austin office, represented the seller, the property’s developer. James and Myers also procured the buyer, a limited liability company.
“Floresville benefits from its proximity to San Antonio and the Eagle Ford Shale oil and gas economic development region,” says James.
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