San Antonio, TX — Adler Realty Investments (ADLER) is proud to announce the sale of its University Heights Business Park on September 23rd. The park contains two multi-tenant flex industrial buildings totaled 68,400 square-foot and is fully leased to fourteen diverse tenants.
The property was acquired in 2005 to accommodate three investors who each had their own 1031 exchange requirements. The investment performed well throughout its ownership providing steady cash flow and substantial appreciation to the investors who received nearly four times their original capital.
“This was a high performing value-add property investment where Adler improved and stabilized the property in its early years and maintained high-occupancy throughout its ownership”, said Rick Gable, President of Adler. “We creatively structured the deal to meet our investors tax objectives which involved multiple 1031 exchanges and are pleased with the above market returns we were able to achieve.”
For more information, please contact Rick Gable at (818) 884-2200 or email rgable@adler-realty.com.
