Cottages at Leon Creek_待售物业
Cottages at Leon Creek_待售物业
12839 Berthould Ln, San Antonio, TX, 78249-4898, US

Cottages at Leon Creek

资产描述

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in Cottages at Leon Creek (the “Property”), a 284-unit, 2012-vintage (2023 renovated), built-to-rent (BTR) asset in Northwest San Antonio, Texas.

 

Boasting an ideal location for a BTR community, the Property benefits from an infill, supply-insulated suburban neighborhood that allows tenants swift access throughout the city via I-10 and Loop 1604. The Property boasts 2 BR, 3 BR, and 4 BR units, each with multiple floorplan options. Cottages at Leon Creek is surrounded by esteemed San Antonio economic drivers and conveniently adjacent to the city’s premier entertainment destinations. Adjacent employers include South Texas Medical Center, Valero HQ, Security Service Federal Credit Union HQ, NuStar, WellMed, the University of Texas at San Antonio, and USAA HQ.

 

Masterfully repositioned from a student housing community in 2023, every unit has been meticulously renovated to include stainless steel appliances, farmhouse-style sinks, granite kitchen countertops, tile backsplashes, and fenced in private yards (where feasible). In addition, many lucrative value-add opportunities remain including a smart technology package, carports, bathroom renovations, and amenitizing significant green space throughout the property.

 

Thanks to favorable demographic trends, the Property stands to experience outsized market rent growth over the next five years. Market rent growth is forecasted to range from 2.7% to 4.0% over the next five years. In addition, rents have stayed even since it was acquired and repositioned from student housing due to an aggressive lease up schedule, leaving two years of past untapped rent growth.

 

In addition, the Property offers a significant discount to replacement cost with neighboring homes selling for nearly 50% more. Thus, the Property is an attractive opportunity to purchase an ideally located, well-renovated BTR community with significant value-add growth potential and beneficial demographic tailwinds.

...

属性

单位数量
284 单元
占用率
90%
建成年份
2012
翻新年份
2023

媒体

投资亮点

Premier, Renovated Asset with Unique Community Amenities and Additional Value Add Upside

Every unit has been renovated with premier finishes including stainless steel appliances, farmhouse-style sinks, granite kitchen countertops, tile backsplashes, and fenced in private yards (where feasible).


Poised for Outsized Organic Rent Growth Over the Next Five Years

Annual rent growth for the San Antonio single-family market is forecasted to be 3.1%, 3.8% and 4.0% from 2024 to 2026 (greater than forecasted apartment rent growth).


Core BTR Location in a Supply-Insulated Submarket Close to All of Northwest San Antonio

Ideal for spacious BTR floorplans, the Property is located in an infill suburban neighborhood served by excellent schools, surrounded by high-paying employers, and conveniently adjacent to the city’s premier entertainment destinations.

Cottages at Leon Creek 4_待售物业
Cottages at Leon Creek 4_待售物业

联系经纪人

Cottages at Leon Creek (0个物业)
有任何问题吗?访问我们的常见问题页面
查看常见问题页面Arrow Right
JLL可以帮助您融资和管理您的投资组合。今天就给我们发邮件,看看我们如何帮助您实现您的目标。
最后更新
2024年3月13日