JLL Capital Markets announced the sale of The Jax, a 322-unit garden-style multifamily community located at 12222 Vance Jackson Road in Northwest San Antonio.
JLL represented the seller in the sale to Kairoi Residential.
Built in 1997, The Jax encompasses 325,114 rentable square feet across 18.9 acres with an average unit size of 1,010 square feet. The community features a unit mix of 42 percent one-bedroom units, 43 percent two-bedroom units and 15 percent three-bedroom units. Many units include attached and detached garages, representing a unique amenity in the San Antonio market.
The Jax is strategically positioned with direct access to Interstate 10 and Loop 1604, providing convenient connectivity to Northwest San Antonio’s major employment centers, such as USAA headquarters, Valero corporate offices, the University of Texas at San Antonio and the South Texas Medical Center. Residents also enjoy proximity to premier retail and entertainment destinations, including The RIM, The Shops at La Cantera and Huebner Oaks Shopping Center.
The JLL Capital Markets team was led by Managing Director Robert Arzola, Senior Managing Director Robert Wooten and Managing Director Ryan McBride.
“The Jax presented an exceptional value-add opportunity in one of San Antonio’s most supply-constrained submarkets,” said Arzola. “The property’s institutional location, quality construction and substantial renovation upside create a compelling investment thesis. We are confident that The Jax is positioned to benefit from limited new supply competition and strong demographic fundamentals.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
