Investment Highlights

 
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100 CLASSIC UNIT Interiors Ready for Upgrade. Huge potential to increase rents through renovations.

 
 
 
  • Tremendous value-add opportunity - 100 Classic units are positioned perfectly for interior upgrade plus some additional exterior enhancements as well as improving operations

  • Units feature 9 FT ceilings, washer & dryer connections, with the ability to add the washers & dryers

  • The Enclave at 1550 is visible from Loop 410. As a 22-story high-rise, the Buyer has the opportunity to add modern vertical, neon lighted signage to capture traffic that is traveling in both directions on the freeway

  • Upside in lowering operational expenses

  • New financing available at historically low interest rates or assume primary existing loan

  • Significantly below replacement cost - unpainted brick exterior with reinforced concrete frame floors and metal framed interior walls, with 2-level concrete parking garage

  • Built in 1985 - construction paused until 1995/1996 and property received certificate of occupancy in 1996

  • 27 of the 127 units have been upgraded

    • Faux Flooring

    • New Cabinet Fronts

    • Cabinet Hardware

    • Refinished Countertops

    • Black Appliance Package

    • Carpet in Living and Bedroom Areas

  • Exterior and common area upgrades needed:

    • Sports Court on Upper Level Parking Garage

    • Outdoor Fitness Stations and Jogging + Walking Trail (additional 2.95 acres)

    • Smart Package Lockers

    • New Signage

    • Clubhouse ready for light upgrade

 
 
 
 
 
 
 
 

Location Highlights

 
 
 
 
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The San Antonio Metropolitan area is the 25th largest in the U.S. with a local market of 2.3M residents that is projected to grow by 28% over the coming decades.
 
 
 

LOCATION

  • Major employers (within 10 minutes) include South Texas Medical Center (56,000 jobs), Fort Sam Houston (32,000 jobs), USAA (18,000 jobs), AT&T and Rockspace

  • $71,071 household income within 5-mile radius

  • San Antonio ranks #1 in U.S. cities’ population growth

  • The metropolitan area is the 25th largest in the U.S. with a local market of 2.3M residents that is projected to grow by 28% over the coming decades

  • South Texas Medical Center – consists of 900 acres of medical related institutions, separate medical, dental and nursing schools

  • San Antonio is becoming the smart choice for new and expanding companies from around the world because of its strategic geographic location, economic stability, and growing workforce

  • The property benefits from excellent visibility from inner Loop 410 with over 150,000+ vehicle traffic per day and provides residents easy access to the San Antonio International Airport, South Texas Medical Center, Downtown San Antonio as well as the entire metro

Industries

  • City of biosciences and health with one out of every six San Antonians employed in the industry

  • The South Texas Medical Center (56,000 jobs) is the epicenter of an industry that produced more than $23.9B in regional economic impact

  • Recognized as the “Home of U.S. Military Medicine”, the city represents the largest military healthcare establishment in the country

  • Military: Randolph AFB, Fort Sam Houston (Army), Lackland Air Force Base, Camp Bullis

  • San Antonio’s financial sector employs more than 60,500 people, and is one of the city’s most stable and significant business sectors

  • One of the largest concentrations of IT, Information Assurance (IA) and cybersecurity professionals in the nation

  • Aerospace industry includes a range of businesses from manufacturing aircraft equipment and parts, service to flight schools

EDUCATION

  • Jackson-Keller Elementary and Lee High School are both adjacent to Enclave at 1550, with Nimitz Middle School, less than 1 mile away

  • University of Texas—San Antonio (enrollment 26,444, 10 miles) ranks in the 2019 edition of Best Colleges is National Universities, Tier 2

  • Trinity University (enrollment 2,430, 4.5 miles) offers 42 majors and 57 minors among 6 degree programs

Sign CA to access Full Market Overview and New Developments in the area.

 

Retail and Entertainment

  • North Star Mall (3 miles) regional shopping center anchored by Saks Fifth Avenue, Macy’s, JC Penney, Dillard’s, and offers 200+ stores

  • Alamo Quarry Market (4 miles) 580,000 SF open air premier urban retail center offers some of the finest shopping in the area: Whole Foods, REI, Bed, Bath & Beyond and many more