506 E. Barham Drive, San Marcos -- Photo courtesy of CoStar Group

506 E. Barham Drive, San Marcos -- Photo courtesy of CoStar Group

An entity recorded as Lion Serrano LLC of San Marcos has purchased the 84-unit Gables San Marcos apartment property for $18.5 million, according to CoStar Group and public data.

The seller of the property, at 506 E. Barham Drive, was San Marcos Gables LP.

The building was constructed on 4.8 acres in 1988.