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Park Terrace and Oak Tree 2 Multifamily Properties in San Antonio, TX
Investment Highlights
- Two-Asset Scale in a Supply-Constrained Submarket Portfolio Size: 283 units across two adjacent, garden-style communities
- In-Place Rents: Park Terrace ($830/unit), Oak Tree ($740/unit) vs. comp set weighted average ($886/unit)
- Current Performance: 90% occupancy, stabilized fee-simple profile, not reliant on speculative repositioning.
- CapEx: $1.6M invested portfolio-wide in the last 2-3 years, including interior and exterior renovations
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 217,497 SF |
| Status | Active | Total Land Area | 12.17 AC |
| Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 217,497 SF |
| Total Land Area | 12.17 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Oak Tree
5909-5910 Royalgate Dr, San Antonio, TX 78242 |
Multifamily | 117,996 SF | 1963 | - |
|
Park Terrace
200 Whitewood Dr, San Antonio, TX 78242 |
Multifamily | 99,501 SF | 1965 | - |
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Park Terrace and Oak Tree
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