6455 De Zavala Rd, San Antonio, TX, 78249-3234, US

Overlook Exchange

Asset Description

Overlook Exchange is a 304-unit, 2016 vintage asset located in between the South Texas Medical Center and The Rim & La Cantera district in San Antonio, Texas. Relatively untouched since 2016, this Class A Property contains numerous value-add opportunities with significant upside. Value-add opportunities include upgrading to stainless steel appliances, installing in-home washers / dryers, renovating original bathrooms (soft countertops, old fixtures), and adding carports and reserved parking.

The Property is perfectly positioned in a supply-insulated, suburban infill location just south of the University of Texas at San Antonio, is zoned to excellent schools, and is adjacent to Northwest San Antonio’s prime entertainment hubs at The Rim and La Cantera. Nearby employers include the South Texas Medical Center, Security Service Federal Credit Union HQ, Valero HQ, NuStar, WellMed, and USAA HQ.

Thus, Overlook Exchange offers an attractive opportunity to purchase a Class A asset with meaningful value-add opportunities in a supply-insulated suburban infill location in the coveted Northwest San Antonio submarket at a substantial discount to replacement cost.

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Attributes

Occupancy

92%

Year built

2016

Number of units

304 units

Building area net

28,259 m²

Land area net

7.62 ha

Building class

Call for offers

16/07/2024

Media

Investment Highlights

Class A Community with Meaningful Value-Add Potential

Current unit finishes include black appliances, washer / dryer connections, soft bathroom countertops, luxury vinyl plank flooring, and tile backsplashes.

Substantial Discount to Replacement Cost for a Well-Built Asset

Overlook Exchange presents a unique, point-in-time opportunity to own an enduring asset at a considerable discount to replacement cost.
The asset offers two four-story elevator-served buildings, three townhome-style buildings with tuck-under garages, and spacious floorplans.

Supply-Insulated Location Close to All of Northwest San Antonio

With only 5% of Northwest 2 submarket inventory under construction, this submarket is well below the market average of 9%.
Infill suburban location with excellent schools, surrounded by high-paying employers, and conveniently adjacent to the city’s premier entertainment destinations.