Woodlake Villas Apartments

    • 6000 Woodlake Parkway
    • San Antonio, TX 78244


  • Potential Returns of 22% IRR and Over 9% Cash-on-Cash
  • Submarket Rents up About 10% from Pre-COVID Levels
  • Located in the Largest Industrial Submarket in Central Texas
  • Below Market Rents with Multiple Upside Opportunities
  • 12-Month Occupancy and Absorption have Outperformed the Metro


Independence Commercial Advisors is pleased to present the Woodlake Villas Apartments, a 55-unit residential community in the Far Northeast submarket of San Antonio, Texas. Originally built in 1987, the asset is mostly single-level apartment homes, which is a popular and unique draw to the asset. The property is offered free and clear of existing debt providing a buyer the opportunity to place new debt. By burning off the loss-to-lease and stabilizing rents, a new owner has the potential to achieve an IRR over a 5-year hold of 22% and an annual cash on cash return of over 9%.