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Cushman & Wakefield San Antonio Commercial Advisors is pleased to present the exclusive listing of 34 units at Calder’s Corner. Calder's Corner is a 40 unit boutique condo/apartment community with an irreplaceable location in north central San Antonio. Located near the intersection of Jones Maltsberger and Thousand Oaks, the property is in close proximity of many of the employment centers and amenities that make the north central submarket desirable. These dynamics have generated impressive rent growth in the submarket of approximately 6% over the past 12 months. Rental rates at Calder’s Corner are well below competing properties providing great upside for a new owner. Calder’s Corner features a well-designed and thoughtful layout of ten separate two story buildings with mature oak trees and landscaping that create a tranquil living environment. Units are a mix of flats and townhomes - many have private yards. McAllister Park is just south of the property, which includes North East Independent School District sports park, McAllister Soccer Fields, playgrounds, dog parks, and miles of hike and bike trails. The property is one mile south of the Thousand Oaks Shopping Center which includes an H-E-B grocery store, Bank of America, Bealls, and other restaurant and retail services. Calder’s Corner is a tremendous value-add opportunity for an investor in a highly sought after north central San Antonio location.
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Under Contract
Calder's Corner
34 Units
2718 Old Field Drive
San Antonio, TX  78247
Posted: 6/24/2019
Cushman & Wakefield San Antonio Commercial Advisors is pleased to exclusively offer the Grant Avenue Apartments in San Antonio, TX. Built in 1960, the asset consists of 30 units within three buildings, all of which are two-story garden-style walk-ups. The asset is only one block off of busy Blanco Road, and there are three different floor plans ranging from ±550SF to ±775SF. Grant Avenue Apartments represents an outstanding investment. Rents are well-below market and there is currently no RUBS in place. Based on a five-year hold, the asset offers potential returns of 14% cash-on-cash and an IRR of 19%. Construction is concrete slab with brick and wood siding. Electricity is individually-metered, and rents include natural gas and water. Gas services the cooktops, hot water boiler and dryers in the laundry room. The boiler is only 3-4 years old, and two of the three buildings have new PEX piping and copper plumbing. All electrical wiring is copper. Two buildings received new pitched composition shingle roofs in 2014, and the flat modified bitumen roof was replaced on the last building in 2016. Residents enjoy a central, gated swimming pool area, covered parking, and an onsite laundry room and management office. Interior amenities include a full appliance package, gas cooktops, mini blinds, lots of closets and central electric heat/AC.
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Grant Avenue Apartments
30 Units
3519 Grant Avenue
San Antonio, TX  78201
Type: Conventional
Posted: 9/9/2019
Cushman & Wakefield San Antonio Commercial Advisors is pleased to present the exclusive listing of The Overlook at Westover Hills, a luxury condominium development containing 27 units. The Overlook is located in the heart of the booming Westover submarket in far west San Antonio. The property features custom-designed unique floors plans for each unit in a four story concrete structure. Located near the intersection of Westover Hills Blvd and Highway 151, the property is in close proximity to many of the employment centers and amenities that make the far west submarket the fastest growing quadrant of San Antonio. It abuts the Hyatt Hill Country Regency Resort & Spa and Hill Country Golf Club, which boasts a 27-hole course. Many employment centers are within a 10 minute drive, including Nationwide Insurance, CyrusOne San Antonio Data Center, Frost Bank Data Center, NSA and the new Veterans Affairs Outpatient Clinic under construction on Hwy 151. The Overlook at Westover Hills is a compelling investment opportunity to acquire a trophy asset at well below replacement cost in the high growth Westover Hills submarket of San Antonio.
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The Overlook at Westover Hills
27 Units
9802 Westover Hills Blvd
San Antonio, TX  78251
Posted: 9/17/2019