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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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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 please to exclusively offer the La Bella Apartments in San Antonio, TX. The asset consists of 24-units in three buildings with brick and cement composite exteriors.There are five different floor plans ranging from approximately 480 SF to 750 SF. La Bella Apartments represents an outstanding investment. Rents are below-market and there is currently no RUBS in place. With light interior and exterior renovations, and based on a five-year hold, the asset offers potential returns of 14% cash-on-cash and an IRR of 18%. The 11 units on Club Drive were built in 1960 with concrete slab foundations and flat roofs. Central HVAC is provided by roof-mounted condensing units and gas furnaces, and the owner pays the master-metered gas. The gas boiler providing hot water for all 11 units is only 3-4 years old. The 13 units on Fredericksburg were built in the 1930's with pier-and-beam foundation and pitched composition shingle roofs. It has window AC units and electric wall-mounted heat. Natural gas is individually-metered and paid by the tenants. The four small one-bed units share a single gas water heater, as do the laundry room and the two efficiency units above it. Each remaining unit has its own gas water heater. All roofs were replaced in the last three years. Electricity is individuallymetered, and all electrical wiring is copper. Natural gas services all stoves and the dryers in the laundry room, and rents include water. Common amenities include a central, gated swimming pool area, an onsite management office and a clothes care facility. There is also plenty of covered parking, continuously monitored by the digital surveillance system. Unit interiors feature a mix of vinyl plank, carpet and ceramic tile flooring, full appliance packages with gas stoves, and spacious floor plans with ample closets and built-ins. There are also (14) individual storage closets that can be rented for additional income.
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La Bella Apartments
24 Units
106 Club Dr.
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
Offers Due:  Friday, November 1, 2019
27 Units
9802 Westover Hills Blvd
San Antonio, TX  78251
Posted: 9/17/2019