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Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Northmarq and powered by RealINSIGHT Marketplace, 10362 Sahara Drive in San Antonio, Texas is a 546-unit garden-style apartment community spanning 49 buildings across 18.087 acres in North Central San Antonio, 1.4 miles from San Antonio International Airport and minutes from Loop 410 and US-281. Built in 1968, the property offers eleven floor plans from studios to two-bedroom/two-bath units averaging 640 square feet within a gated community featuring a resort-style pool with a rock waterfall, clubhouse, and landscaped grounds, and is on the front end of a major repositioning, with 380 units of lease-up upside remaining. The seller has already invested roughly $3.05 million in trailing-twelve-month capital expenditures, including roof replacements, HVAC and plumbing upgrades, and unit renovations, positioning a buyer to acquire this asset at a low basis, mid-turnaround. In-place leased rents of $647 per unit trail average market rent of $761 per unit, an 18% loss-to-lease. Zoned to North East ISD and surrounded by major employers including the airport, Oracle, SWBC, and the South Texas Medical Center, the property draws on a deep, diversified renter base in one of the nation's fastest-growing major metros. San Antonio's continued growth fuels demand for workforce housing near the airport, giving this asset a rare combination of scale, location, and embedded upside.
Due Diligence
Location
Located at 10362 Sahara Drive off Loop 410 and US-281 in San Antonio's North Central submarket, the property sits 1.4 miles (a 3-minute drive) from San Antonio International Airport. North Star Mall, the McNay Art Museum, and the San Antonio Riverwalk are all a short drive away, with three retail centers within 0.2 miles walking distance of the community.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
