SAN ANTONIO (March. 3, 2021) – Berkadia announces it has arranged the sale of Echelon at Monterrey Vista, a 240-unit Class A multifamily community in San Antonio. Managing Director Mike Miller, Senior Director Will Caruth and Director Cody Courtney of Berkadia’s San Antonio office secured the sale on behalf of the seller, The Garrett Companies, a real estate development firm based in Greenwood, Indiana. A private Texas investor acquired the property.
“The buyer recognized the long-term value of acquiring a luxury Class A deal in San Antonio, where market fundamentals remain strong with all signs pointing to future job, wage and population growth,” said Miller. “Echelon at Monterrey Village is well-positioned to take advantage of the expanding Westover Hills submarket where there is only one other property currently under construction.”
Built in 2018, Echelon at Monterrey Vista is located at 1639 Cable Ranch Road. One-, two- and three-bedroom units include stainless steel appliances, wood-style plank flooring, tile backsplash, washer/dryer and personal balconies/patios. Community amenities feature a swimming pool, clubhouse with Wi-Fi, multiple barbecue grilling stations and a pet park.
Situated in west San Antonio, the pet friendly community is found near a variety of important transit routes and employers. Raymond E. Stotzer Jr. Freeway and Interstate 410 are less than five minutes away, offering a 20-minute drive into Downtown San Antonio and convenient access throughout the metro area. Nearby employers including Lackland AFB and SeaWorld San Antonio are also nearby at approximately 10 minutes away from the property.