Wellington Realty Announces Sale of Sherman Oaks Apartments
Purchaser Acquires 205-unit Property in Sherman, Texas
DALLAS, July 12, 2017 –Wellington Realty, a commercial real estate services company with brokerage and management capabilities serving the four major markets in Texas, announced the successful sale of Sherman Oaks Apartments, located at 415 Archer Circle in Sherman, Texas.
The 205-unit complex was up for sale and closed in late January 2017. David Shaffer, Tammy Shaffer, Kirby Hall Jackson III, and Caleb Jones of Wellington Realty sold the asset. With over 10 offers on the property, Wellington Realty created value for the buyer through its in-depth knowledge of the Texas market.
“Over the past few years, Dallas traffic has continually moved North of the DFW Metroplex,” said Kirby Hall Jackson III, Investment Analyst, Wellington Realty. “With this property sitting just off U.S. Highway 75, Sherman Oaks Apartments sit in an advantageous location in terms of financial return for our buyer.”
Sherman Oaks Apartments are positioned near Sherman Town Center, Stone Creek Country Club and several recreational parks. Conveniently located off U.S. Highway 75, Sherman Oaks Apartments are a short drive away from Dallas and Durant, Oklahoma’s Choctaw Casino.
“Our team has the relationships necessary to identify buyers at not only the local and national level, but at the international level as well,” said Tammy Shaffer, Brokerage Associate, Wellington Realty. “For Sherman Oaks, we identified and brought in the buyer, putting them into a property that creates value, set up for a long-term cash flow play.”