SAN ANTONIO, TX—Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap has arranged the sale of The View at Encino Commons, a 324-unit luxury multifamily community in northern San Antonio.
Will Balthrope, an IPA executive director, and Scott Lamontagne, an IPA associate director, advised the seller. The buyer is McCann Realty Partners.
“The View at Encino Commons has many unique features that distinguish it from the nearby rental competition,” says Balthrope, “including its trademarked 'big house' design with large units; private, ground-level entries; no breezeways or exterior stairways, and 50 percent attached direct-access garages.”
“This distinctive property is in an irreplaceable, highly visible location in one of the most prolific growth corridors in the city,” adds Lamontagne.
Built in 2001 on 21 acres, the property is located just northeast of the U.S. Highway 281 and Evans Road interchange at 21303 Encino Commons in San Antonio.
Shared amenities include lush landscaping, a resort-style swimming pool with an outdoor fireplace pavilion, a clubhouse with a richly appointed clubroom, an Internet café, a state-of-the-art fitness center, a surround-sound movie theater, controlled access entry gates, a complete car wash and a clothes care center.
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