BEAUMONT, SAN ANTONIO AND BELTON, TEXAS — San Rafael, Calif.-based The Silver Group has brokered three Texas 1031 exchanges. In Beaumont, the company completed the sale of a 98,000-square-foot Academy Sports + Outdoor superstore. The private, East Coast-based buyer acquired the property for $9.3 million. The Silver Group represented the both parties in the transaction.
In San Antonio, The Silver Group completed the sale of an IHOP restaurant located in northwest San Antonio. The restaurant has 20 years remaining on its corporate lease. The buyer was a California-based investor.
In Belton, The Silver Group represented a California-based duck club in the 1031 purchase of a newly constructed Jack In the Box restaurant. The property is located next to a new Walgreens and across the street from Wal-Mart, HEB Grocery and 1st National Bank. It has a 20-year lease for the location. The acquisition prices in all three transactions were not disclosed.
496