Tanglewood Townhomes

    • 125 Sherwood Drive (Multiple Addresses)
    • Victoria, TX 77901

INVESTMENT HIGHLIGHTS

  • Sales Price: $1,900,000
  • Occupancy: 100%
  • 100% Rent Collection in 2020
  • Number of Units: 16
  • Acres: 1.04
  • Upside in Rents

EXECUTIVE SUMMARY

Independence Commercial Advisors is pleased to present Tanglewood Townhomes, a well-maintained "value-add" group of assets consisting of 4 townhomes or 16 total units in Victoria, Texas. Located in immediate proximity to the city's most important educational institutions and near the Victoria ISD Fine Arts Center, Aquatic Center, Memorial Stadium, Liberty Academy and University of Houston - Victoria ( approximately 4,300 students; 400 faculty members). Well-situated in the Gulf Coast region between San Antonio, Houston, and Corpus Christi, the rapidly growing historical city of Victoria dominates a thriving regional manufacturing industry. Leading the way are petrochemical and plastics employers, such as INVISTA and Berry Plastics. Multiple hospitals in the Golden Crescent Region (Victoria MSA) call Victoria home, including Citizens Medical Center and DeTar Hospital. At least 13 employers with 100+ employees are less than 3.5 miles from these properties. Overall, Victoria's manufacturing, education, and healthcare industries lead the way for the trade region.

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