Class A asset with top-of-the-line community amenities and unit features. Developed by renowned Koontz Corporation, this institutional quality asset is recently stabilized after a very quick lease-up of 22 units per month, demonstrating strong demand and good future rent growth potential.
Located within the best sub-market for apartment demand in the city. It benefits from a prime location across the street from USAA World Headquarters with 17,000 employees, near the South Texas Medical Center 8 hospitals and 56,000 employees, and proximate to the many other corporate headquarters and high-income job centers along the IH-10 corridor.
Located just off heavily-traveled Fredericksburg Road, a primary north-south artery that connects the South Texas Medical Center to USAA and the prolific IH-10 office/retail/restaurant corridor. This location provides immediate access and mobility to all points in San Antonio.
Presents excellent long term rent growth potential due to its core infill location, with limited opportunities for future multi-family development nearby. New deliveries are diminishing rapidly due to the lack of developable sites in the immediate area.
Palmetto Pointe is being offered Free and Clear, allowing the investor to take advantage of today’s historically low interest rate environment.