210-426-9376
Park Terrace and Oak Tree
San Antonio, TX
South San Antonio
HIGHLIGHTS
- Two-Asset Scale in a Supply-Constrained Submarket Portfolio Size: 283 units across two adjacent, garden-style communities
- Current Performance: 90% occupancy, stabilized fee-simple profile, not reliant on speculative repositioning.
- In-Place Rents: Park Terrace ($830/unit), Oak Tree ($740/unit) vs. comp set weighted average ($886/unit)
- CapEx: $1.6M invested portfolio-wide in the last 2-3 years, including interior and exterior renovations
OVERVIEW
Marcus & Millichap is pleased to present the exclusive offering of Park Terrace and Oak Tree, a 283-unit, two property multifamily portfolio in the Lackland/Southwest San Antonio submarket. Positioned directly across JBSA-Lackland AFB and minutes from Port San Antonio.
The seller has completed over $1.6M in interior and exterior capital improvements during their tenure of ownership, leaving minimal deferred maintenance for the next owner The portfolio is 90% occupied and the T12 NOI is ~$1,250,000.
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210-426-9376
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210-426-9376
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