SRS Arranges $3.2M Sale of San Antonio Retail Property Leased to Bank of America

Originally Published: REBusiness Online

SAN ANTONIO — SRS Real Estate Partners has arranged the $3.2 million sale of a 17,633-square-foot freestanding retail property in San Antonio. The property was built in 1980 and is leased to Bank of America, which recently extended its triple-net lease term by seven years. Patrick Luther, Matthew Mousavi and Chris Edwards of SRS represented the seller, an affiliate of New York-based The Feil Organization. The buyer, a private investor, acquired the property at a 6.4 percent cap rate.