SAN ANTONIO — Newmark has arranged the sale of O’Connor Oaks, a 165-unit community located at 13658 O’Connor Road in northeast San Antonio. Jim Young and Chase Easley of Newmark Multifamily Capital Markets represented the seller, Austin-based JMB Group, in the deal. Salt Lake City-based Preserve Partners was the buyer.
O’Connor Oaks was built in 1983. The garden-style community offers a mix of one-, two- and three-bedroom floor plans. The average unit size is 900 square feet. Amenities include two pools with sun lounges, outdoor grilling and picnic areas, a laundry facility, business center and fenced dog park. The property also includes 297 parking spaces.
According to Newmark, the previous ownership completed moderate improvements at the property, allowing for value-add potential in interior and systems upgrades and community enhancements. O’Connor Oaks also includes four acres of land that could be redeveloped by the new owner.