CBRE arranged the sale to GrayStreet Partners of the Villita Assembly Building in San Antonio, a 24,785-square foot event center, for $5.3million.
The free-standing building is located at 401 Villita Street. It was built in 1958 and sits upon a 1.113-acre parcel. O’Neil Ford designed the single-story circular building. It features a concave-rotunda that is covered with administrative, service and mechanical spaces. The doors are carved stained-wood and decorated with custom decorative tiles. The property also includes a kitchen, outdoor area and banquet hall.
The building is located along the River Walk, adjacent to La Villita Historic Arts Village and Downtown San Antonio. It is located within walking distance to many amenities and points of interests, including the Alamo and Henry B. Gonzalez Convention Center and Hemisfair, Tower of the Americas and Shops at Rivercenter.