Vivid

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2003 Oakhill Road | San Antonio, TX 78238

16,700

$1.98

0.3 Acres

$1,000

268

16,700

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$1.98

0.3 Acres

$1,000

268

16,700

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104

1983

8 Buildings

Two

20.11 Units/Acre

5.17

81,712

786

Units

Built

Buildings

Stories

Density

Site Size/Acreage

Total SF

Average Unit SF

$1.31

Pitched Composition

Brick and Wood Siding, Wood Frame

158 Spots

Average Effective Rent/SF

Roofs

Exterior

Total Parking

268

16,700

$1.98

0.3 Acres

$1,000

268

16,700

Lorem Ipsum Sit

268

16,700

$1.98

0.3 Acres

$1,000

268

16,700

Lorem Ipsum Sit

INVESTMENT SUMMARY

Berkadia’s San Antonio Multifamily Investment Team is pleased to announce the exclusive listing of Vivid, a 104-unit apartment community built in 1984, strategically located off Loop 410 and Highway 151. This location is convenient to major thoroughfares and the Westover Hills community, providing quick and easy access to employment and entertainment hubs in the area. In addition to its excellent location, a new owner will benefit from the exterior capital work already completed and has the opportunity to upgrade the units and fully realize the rent potential of this asset. With its value-add potential and strong location, Vivid offers an investor the opportunity for future rent growth, long–term stability and value appreciation.

The Offering

Despite the excellent location and strong performance, developers have largely ignored this exceptional area. There is only one property under construction within 5 miles of Vivid.

limited supply pipeline

Westover Marketplace, Ingram Park Mall, Sea World San Antonio and Downtown San Antonio / River Walk are all within 15 miles of the property.

Dynamic Westover Hills Location with Close Proximity to Major Employers

Vivid presents a tremendous value-add opportunity in San Antonio, Texas due to its location, age and spacious floor plans. Current ownership has completed much of the exterior heavy lifting and value can be added to the property through interior renovations resulting in immediate upside in rental increases and tenant retention.

tremendous value-add potential

area top employers

$100,000

Average Household Income 37% Growth Expected by 2025.

359,756

Area Population

Cameron Hart

Director

Cameron.Hart@berkadia.com

512.226.8708

mortgage banking

Will caruth

Senior Director

Will.Caruth@berkadia.com

210.377.2768

mike miller

Managing Director

Mike.Miller@berkadia.com

210.377.1535

investment sales

san antonio office

250 W. Nottingham | Suite 120

San Antonio, TX 78209

Cody Courtney

Director

Cody.Courtney@berkadia.com

210.377.1219

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. © 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.

san antonio office

250 W. Nottingham | Suite 120

San Antonio, TX 78209

INVESTMENT HIGHLIGHTS

robert dinkins

Financial Analyst

Robert.Dinkins@berkadia.com

The Vivid community enjoys access to a modern clubhouse, sparkling pool with sundeck and spa, state of the art fitness center, Bark Park, outdoor grills, tennis and basketball courts.

excellent community amenities

210.591.0846