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Jackson Flats 615 Vance Jackson Road | San Antonio, TX 78201

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Jackson Flats 615 Vance Jackson Road | San Antonio, TX 78201 Jackson Flats 615 Vance Jackson Road | San Antonio, TX 78201 OFFERING SUMMARY Unit Mix Summary Total Rentable Effective Effective Total Effective Market Market Total Market Unit Type No. of Units Rentable SF SF Rent/Unit Rent/SF Rent Rent/Unit Rent/SF Rent Potential A1 - 1BR/1.0BA 12 750 9,000 $706 $0.94 $8,475 $775 $1.03 $9,300 B1 - 2BR/1.0BA 12 950 11,400 $931 $0.98 $11,175 $1,000 $1.05 $12,000 Totals / Wtd. 24 850 20,400 $819 $0.96 $19,650 $888 $1.04 $21,300 Averages Recently Renovated Apartment Building with Contemporary Finishes B1 - 2BR/1.0BA A1 - 1BR/1.0BA $1,200 50%Jackson Flats is a 24-unit apartment building 50%located just seven miles north of downtown San Antonio and just south of the South Texas Medical Center. The property has recently undergone significant renovations and capex upgrades. Exterior renovations$1,000 include a $1,000 $931 new pitched metal roof, full exterior paint, all new railings, one new boiler, significant upgrades to landscaping and irrigation and all $775 new exterior lighting. Approximately two thirds of the unit$800 interiors have been renovated to modern finishes including stainless steel appliances, upgraded flooring, granite countertops, contemporary kitchen$706 backsplashes and lighting installations. Upward Trending Performance with Additional$600 Opportunities for Revenue Growth As current ownership continues with unit enhancements,$400 rental income at Jackson Flats has continued in an upward trend as units are renovated and leased at higher rates. A new owner will have an opportunity to finish out renovations and capture rental increases in remaining units. Additional opportunities to increase income$200 at Jackson Flats are evident through the implementation of a tenant utility reimbursement program and rental of the 16 storage units and 24 covered parking spots located on site. - Convenient Location in North Central San Antonio A1 - 1BR/1.0BA B1 - 2BR/1.0BA Jackson Flats is located in north central San Antonio on Vance Jackson Road,Effective a Rent/Unitmain north-to-south trafficMarket artery. Rent/Unit The property is conveniently located with easy access to some of San Antonio’s major thoroughfares including Interstate 10 and Loop 410. Additionally, Jackson Flats residents benefit from the property’s proximity to Fredericksburg Road, a major retail corridor with an ample selection of restaurants and shopping. Major employers in the area include USAA (5 miles), HEB headquarters (6 miles) and San Antonio Medical Center (4 miles). 26 27 10 10 21 16 25 410 11 24 31 281 JACKSON FLATS 28 35 14 410 18 12 5 13 29 19 1 MILE 3 MILES 5 MILES 17 33 20 16 32 34 15 9 1 2 37 3 10 6 410 30 36 23 410 151 35 4 38 7 22 10 8 AREA MAP HEALTHCARE ENTERTAINMENT 2217 Shops at Rivercenter EDUCATION 1 11 University Health System 32 San Antonio Zoo 2318 Pearl Farmers Market Benjamin Franklin Elementary School 12 2 Witte Museum Methodist Hospital Texsan 2419 Lowe's Home Improvement 33 Whittier Middle School 3 The DoSeum SHOPPING 2520 Sprouts Farmers Market 34 Thomas Jefferson High School 4 San Antonio Museum of Art 35 Brown Mackie College San Antonio 138 Walmart Supercenter 2619 Ross Dress for Less 5 San Antonio Aquarium 36 San Antonio College 149 Target 2720 Marshalls & HomeGoods 6 Splashtown San Antonio 37 St. Mary's University 1510 H-E-B PARKS & RECREATION 7 San Antonio River Walk 38 Our Lady of the Lake University 1611 Walgreens 28 The Quarry Golf Course 8 Tower of the Americas 17 JC Food Mart 29 Old Spanish Walking Trails 9 Regal Cielo Vista & RPX 18 The Home Depot 30 San Pedro Springs Park AVIATION 19 Best Buy 31 Oak Hills Country Club 10 San Antonio International Airport 20 Ingram Festival Shopping Center 21 North Star Mall INVESTMENT SALES CAPITAL MARKETS J.R. ELLIS DANIEL HARTNETT Senior Director Director 512.399.6945 469.453.0194 [email protected] [email protected] TX 609411 Greysteel | 111 Congress Avenue | Suite 400 | Austin, TX 78701 512.985.9444 | www.greysteel.com Texas License 9003023 Doug Banerjee | TX Designated Broker | License 617101 For more information or to inquire about Greysteel, please contact Ari Firoozabadi, CEO | [email protected] | 202.417.3873 Offices Nationwide | License Information and Online Disclosures Texas Real Estate Commission Information About Brokerage Services | Texas Real Estate Commission Consumer Protection Notice Greysteel, seller, and their respective representatives make no representations or warranties, express or implied,regarding the accuracy or completeness of the information in this Offering. All references to acreage, square footage, distance, and other measurements are approximations and must be independently verified. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This Offering is subject to prior placement, withdrawal, cancellation or modification without notice. © 2020 Greysteel.
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