Sentinel Pointe Apartments
Sentinel Pointe Apartments
Steelhead Investments Provides Advisory Services on $2.4 Million Apartment Building in San Antonio, Texas.
Steelhead Investment Advisors is pleased to announce the sale of the Sentinel Point Apartments located in San Antonio, Texas. The Sentinel Point Apartments are a 93-unit multifamily community that was suffering from mis-management, and in need of a physical repair. Steelhead Investment Advisors brought in the right buyer to take advantage of the upside in this value add project.
Multifamily Investment Highlights:
- $2,400,000 Sale Price
- $25,806 Price Per Unit
- 7.5% Cap Rate
- 85% Occupancy
- Buyer assumed existing debt
Area Highlights:
The property is located just blocks away from Fort Sam Houston; the largest major military installation and air field in San Antonio. Recent base closures and military realignments have in fact benefited San Antonio, especially Fort Sam Houston, bringing in an estimated 11,000 new jobs to the region over the next few years. The Department of Defense recognizes San Antonio as a preferred location because of the high quality medical facility at Ft. Sam, the lower cost of living, and the availability of off-post housing.
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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