10Forty8

    • 1048 Country Club Drive
    • Seguin, TX 78155

INVESTMENT HIGHLIGHTS

  • Number of Units: 128
  • Year Built: 1973
  • Occupancy: 92.2%
  • Average Market Rent Per Sq. Ft.: $1.14
  • Average Unit Sq. Ft.: 781
  • Rentable Sq. Ft.: 100,024
  • Acres: 4.98
  • Average Market Rent: $894

EXECUTIVE SUMMARY

VALUE-ADD OPPORTUNITY WITH STRONG IN PLACE CASH FLOW
A new owner can continue the in place renovation program to the remaining 20% of units. Current program is achieving $75 average rent premiums.

$1MM CAPITAL INFUSION
Over the past 12 months current ownership has invested over $1MM in exterior and interior improvements, providing a new owner with an opportunity to inherit a clean asset with upgraded amenities and floor plans.

SUBMARKET AND WORKFORCE GROWTH
10Forty8 sits in a submarket with top rent growth in comparison to other submarkets in the San Antonio MSA. It is also currently experiencing increased wages due to the area’s stable and growing manufacturing employment base.

IMPECCABLE ACCESS TO AMENITIES AND EMPLOYERS
The property is expertly located minutes from Seguin’s thriving shopping, dining, and entertainment and Fortune 500 employers such as Caterpillar Inc. and Tyson Foods. The property also offers a quick commute to San Antonio.

MANUFACTURING HOTBED WITH ROOM TO RUN
Seguin has over 4,000 manufacturing jobs and has recently seen major employment announcements including over $500 million of new investments in and around the surrounding local economy.

REQUEST OFFERING MEMORANDUM