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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
Closed: 11/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Vistana, a striking 247-unit apartment tower in downtown San Antonio, Texas. As San Antonio’s only residential highrise, this marquee asset is primed to benefit from the city’s nationally-leading population growth and its location in the top state for business. High-profile corporate relocations and expansions, coupled with catalytic local developments such as the San Pedro Creek Culture Park and Alameda Theater restoration, continue to fan San Antonio’s unprecedented downtown revitalization. Further, investors will appreciate immediate investment upside via moderate interior upgrades and amenity enhancements. Overall, The Vistana represents a markedly rare opportunity to acquire the most prominent San Antonio multifamily asset at significantly below replacement cost value.
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The Vistana
247 Units
100 N Santa Rosa Street
San Antonio, TX  78207
Type: Conventional
Closed: 10/8/2019

Cushman & Wakefield San Antonio Commercial Advisors is pleased to announce the exclusive listing of Brooks Village Townhomes, a 135 unit garden community located in booming south San Antonio, Texas. This investment benefits from the regional business growth spurred by the Eagle Ford Shale oil and gas play as well as the retail/employment hub at SE Military and Interstate Highway 37.

Built in 1974, the property offers two story townhome units with convenient parking. The low density construction provides a relaxed community feel that is unique in the submarket. Amenities include an expansive swimming pool, open barbecue areas, sport court, playground, and large clothes care facility. The property recently received new exterior paint with a modern three color motif that has improved renter traffic dramatically. New ownership can take advantage of these improvements to grow operating income. This investment is an opportunity to acquire a well positioned asset with revenue upside through unit and shared amenity enhancements.

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Brooks Village Townhomes
135 Units
7200 S Presa
San Antonio, TX  78223

Cushman & Wakefield San Antonio Commercial Advisors is pleased to announce the exclusive listing of City Heights Apartments, a 272 unit apartment community located in the desirable South Texas Medical Center.

The property received upgrades rom 2014 - 2015 with new paint, new faux wood flooring, upgraded parking lot, upgraded landscaping, addition of pergola sports court, and much more. It also has prime visibility on the corner of Bluemel and Fredericksburg roads.

City Heights provides quality workforce housing for the growing employment base in North Central San Antonio.  This area is benefitting from tremendous job creation and rising incomes associated with the continued development of the South Texas Medical Center.  City Heights offers a new owner a strong upward trending income stream in a submarket that is dominated by renters.

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City Heights
280 Units
9400 Fredericksburg
San Antonio, TX  78240

Cushman & Wakefield|San Antonio Commercial Advisors is pleased to announce the exclusive marketing of Cotton Crossing Apartments, a 118 unit boutique apartment community, located in New Braunfels, Texas.

Built in 2003, this Class A property offers a mix of one, two and three bedroom units with a comfortable small town cottage ambiance that is a perfect fit for the market. The property was repainted in September 2014 and is in top condition. Units have nine foot ceilings, spacious kitchens, full sized washer/dryer connections and ample storage. Cotton Crossing offers a new owner an excellent income stream with numerous value-add opportunities. Interior upgrades could easily be implemented to dramatically increase the in place rental income.

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Cotton Crossing
118 Units
705 Village Way
New Braunfels, TX  78130

Cushman & Wakefield|San Antonio Commercial Advisors is pleased to announce the exclusive marketing of Desert Shadows Apartments, a 204 unit apartment community located in San Antonio, Texas. Built in 1984, Desert Shadows offers a mix of one and two bedroom units with a great north central neighborhood location and excellent curb appeal. The property has quick access to US Highway 281and many major employers, retail centers and entertainment venues on the growing north side of San Antonio.

The property has mature landscaping and the community offers solid shared amenities. The current owner recently replaced roofs and painted the property an inviting three color scheme. The interiors are extremely functional and well maintained. The owner regularly operates the property at or near full occupancy. Desert Shadows offers a new investor a solid income stream with obvious value-add opportunities. Community enhancement options include an off leash dog park, additional grilling stations, and the modernization of an already fantastic pool deck. On the interiors, rent growth is achievable with either an aggressive unit renovation or moderate upgrades.

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Desert Shadows    
204 Units
550 Heimer Road
San Antonio , TX  78232
Type: Conventional

Cushman & Wakefield|San Antonio Commercial Advisors is pleased to announce the exclusive listing of La Sierra Apartment Homes. This institutional grade, Class A asset, is a 152 unit garden-style apartment community located in booming New Braunfels, Texas. Completed in 2009, this community offers residents an array of amenities including resort style swimming pool with deck, business center, fitness center, clubhouse, covered parking, and detached garages.

The apartments, which were repainted in 2015, feature spacious floorplans that average nearly 900 square feet. The kitchens include a black appliance package. Ice maker, dishwasher, disposal and a pantry. The units also feature high-speed internet capabilities with a full cable package in each unit, vinyl plank flooring, a patio/balcony, separate dining areas and walk-in closets. The apartments are in the heart of the growing San Antonio/Austin corridor making it a great choice for professionals working in the region. The buildings have durable wood frame construction with Hardie Plank siding.

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La Sierra Apartment Homes
152 Units
520 FM 306
New Braunfels, TX  78130

Pride of Ownership Property - Santa Fe Condo Apartments is a one-of-a-kind property strategically located in north central San Antonio, Texas. The property has been immaculately maintained with over $500,000 of capital improvements completed over the past three years. These improvements set the property apart from the competition with an impressive set of amenities. This is a great cash flow opportunity for a discriminating buyer.

Strategic Location & Access - Santa Fe Condo Apartments offers a strategic and sustainable location north of Loop 410 and inside Loop 1604. Located within the wellrespected Northeast Independent School District, residents are within walking distance of 976-acre McAllister Park and the Blossom Athletic Center. Santa Fe Condo Apartments offers easy access to US Hwy 281 (the major north/south travel corridor in San Antonio) and is less than 1/2 mile to the newly completed Wurzbach Parkway making it one of the most accessible locations in North Central San Antonio.

Unique Community and Apartment Home Amenities - The amenity packages offered at Santa Fe Condo Apartments are truly unique and provide for a strong community feel not found in more traditional apartment developments. Condominium quality construction, stylish interior upgrades, and the unique recreational opportunities, offer residents a prestige living experience. This is the perfect residence for busy professionals who want more privacy and sense of community than a large apartment complex can offer.

Future Development Opportunities - Santa Fe Condo Apartments is comprised of 2 separate parcels totaling ~ 6.74 acres, with all the units constructed on the eastern most parcel. The west parcel is currently utilized as a private community park and presents an opportunity to drive additional value, either as Phase 2 additional apartments or sold off for a potential townhome development. Additionally, the nature of the original construction and layout provide for a potential condo conversion exit strategy.

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Santa Fe Condo Apartments
66 Units
12315 Jones Maltsberger
San Antoino, TX  78247
Type: Conventional