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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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CPS Energy to buy old Malibu site

Malibu Castle

Malibu Castle

CPS Energy agreed to purchase the Malibu Grand Prix & Castle site on the North Side for $6.8 million. The 14-acre property will be used to consolidate multiple CPS Energy worksites into one.

The board of trustees voted unanimously to approve the purchase of the property, which sits on the northern edge of the Interstate 10 and Loop 410 interchange. 

Malibu Grand Prix & Castle closed in September 2015.  The property was purchased from Arlington-based Realtex Venture Capital LP and was valued at $5.1 million in 2017, according to records from the Bexar Appraisal District.

Click here to read the full article: CPS Energy to buy old Malibu Grand Prix & Castle for $6.8 million (San Antonio Express News, 3/1/18)

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