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San Antonio — SRS Real Estate Partners has arranged the $3.2 million sale of a 17,633-square-foot freestanding retail building 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, an undisclosed private investor, acquired the property at a 6.4 percent cap rate.