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Siesta Lane Apartments 111 Siesta Lane | San Antonio, TX 78201

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Siesta Lane Apartments 111 Siesta Lane | San Antonio, TX 78201 Siesta Lane Apartments 111 Siesta Lane | 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 8 770 6,160 $750 $0.97 $6,000 $775 $1.01 $6,200 B1 - 2BR/1.0BA 15 996 14,940 $853 $0.86 $12,798 $975 $0.98 $14,625 B2 - 2BR/1.0BA 1 1,051 1,051 $865 $0.82 $865 $999 $0.95 $999 Totals / Wtd. 24 923 22,151 $819 $0.89 $19,663 $909 $0.99 $21,824 Averages SpaciousB2 -& 2BR/1.0BA Contemporary 4% Built in 1968, Siesta Lane is a 24-unitA1 multifamily - 1BR/1.0BA property located in the Balcones Heights district of San Antonio, just seven $1,200 B1 - 2BR/1.0BAmiles northwest of downtown. Siesta Lane offers33% 12 one-bedroom units and 12 two-bedroom units, with very spacious layouts 63% averaging ≈923 square feet and contemporary finishes. A perfect blend of comfort and quality, indoors-and-out,$975 the property$999 $1,000 has a well-maintained pool area, new modern horizontal fencing and has recently upgraded$853 unit interiors with$865 beautiful $775 hardwood-like floors, enhanced lighting, and new kitchen$800 appliances.$750 Upward Trending Performance with Additional Opportunities for Revenue Growth $600 As current ownership proceeds with property enhancements and units are leasing at higher rents, rental income at Siesta Lane will continue in an upward trend. A new owner has the $400opportunity to continue renovations and increase rents in remaining units. Additionally, Siesta Lane is being offered free and clear of debt, allowing a new owner to take advantage of today’s low interest rate. $200 Unbeatable Location in North West San Antonio - A1 - 1BR/1.0BA B1 - 2BR/1.0BA B2 - 2BR/1.0BA Siesta Lane is located in northwest San Antonio with proximity to majorEffective highways Rent/Unit including InterstateMarket 10 and Rent/Unit Interstate 410 Loop. With nearby access to San Antonio’s major thoroughfares, Siesta Lane residents benefit from having proximity to major employment centers including the South Texas Medical Center (2.3 miles), the University of Texas Health Science Center (2.8 miles), the San Antonio International Airport (6.3 miles) and St. Mary’s University (3.9 miles). Other neighborhood amenities include coffeeshops (Starbucks, 0.2 miles), gyms (Planet Fitness, 0.2 miles), Balcones Park (0.1 miles) and Woodlawn Lake Park (3.1 miles). 26 27 5 MILES 10 10 3 MILES 21 16 25 410 11 24 31 281 1 MILE 28 35 14 410 18 12 5 13 19 29 17 33 20 32 SIESTA LANE 16 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 PAULA OROZCO-LAPRAY J.R. ELLIS DANIEL HARTNETT Senior Investment Associate Senior Director Senior Director 210.581.9055 512.399.6945 469.453.0194 [email protected] [email protected] [email protected] TX 695116 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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