Castle Terrace Apartments
Castle Terrace Apartments
Steelhead Investments Provides Advisory Services on $1.8 Million Apartment Building in San Antonio, Texas
Steelhead Investment Advisors is pleased to announce the sale of the Castle Terrace Apartments located in San Antonio, Texas. The Castle Terrace Apartments are a 52-unit garden style multifamily community located in the desirable North Central area of San Antonio. The sub-market is known for it its access to the North East Independent School District, and is proximity to San Antonio's top retail centers.
Multifamily Investment Highlights:
- $1.8 Million Sale Price
- $34,615 Price Per Unit
- 7.5% Cap Rate
- 95% Occupancy at time of sale
- Property was purchased Cash to new Loan
Related Economic News:
Toyota Motor Corp. has picked San Antonio as the site for its next U.S. Plant, investing $800 million for a truck assembly plant expected to employ about 2,000 people. Toyota's decision not only ensures great economic development for the city, but will focus the world's attention on San Antonio.
Steelhead Capital Investment Advisory Services specializes in the disposition and acquisition of multifamily investment opportunities. Contact us today to learn more about how Steelhead can help you maximize your investment portfolios.
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