SkyWalker Property Adds Properties to Funds’ Portfolios

SkyWalker Property Partners added a New Mexico office building and a retail property in South Texas to two of its funds. The Arlington, TX investment group has closed on a 25,509-square-foot office building in Santa Fe for When Opportunity Knocks LLC, and a 17,520-square-foot net-leased retail and warehouse property at 209 Park Place Blvd. in Kenedy, TX for Cash Flow Fever LLC.

The New Mexico asset at 2945 Rodeo Park Dr. E. represents SkyWalker Property’s first acquisition outside of Texas. The seller was 86th Street Associates LLC, a trio of partners planning to retire. The new owner is planning $100,000 in capital improvements for the building, which is 91% occupied.

The Texas asset at 209 Park Place, south of San Antonio, is leased to Beasley Tire Service Inc., which has seven years remaining on its term. The tire shop was built three years ago. Exchange Resource LLC was the seller.

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