Barcelo Apartments

• Low In-Place Occupancy (5.2%) - Restabilizing the asset generates exceptional returns including a stabilized yield-on-cost exceeding 10%
• High-Visibility Location - Located at the Northwest corner of Loop-410 and IH-10 with traffic counts along both major roadways averaging a combined 400,000 VPD
• Extensive Amenity Set - Two resort-style swimming pools, fitness center, renovated clubhouse, dog park, laundry facility, and charcoal grilling stations throughout
• “Eds and Meds” Employment Base - Just 5 minutes from the 900-acre South Texas Medical Center and 12 minutes from The University of Texas at San Antonio (UTSA)
• Value-Add Upside: All 288 units remain in classic condition with laminate countertops, original cabinetry, black and white appliances, and carpeted bedrooms

Offering Summary 

RI Marketplace and CBRE are pleased to present Barcelo Apartments, a 288-unit, 1972 construction asset located in the Medical Center submarket of San Antonio. The property is located just 5 minutes from the South Texas Medical Center which totals 75 medically related institutions supporting over 96,000 jobs. The property is also within proximity to UTSA with current enrollment of more than 38,000 students and 17,000 faculty and staff.

Strategically positioned at the Northwest corner of Loop-410 and IH-10 intersection where combined traffic counts average 400,000 vehicles daily, Barcelo benefits from strong drive-by visibility and unrivaled accessibility. This optimal location provides residents access to the top retail and employment destinations in San Antonio. Residents can utilize I-10 to quickly reach downtown San Antonio, La Cantera, and The RIM – San Antonio’s premiere retail hubs while also utilizing 410 to commute to the Airport, I-35, and Far West San Antonio.

This is rare opportunity to acquire a distressed asset at a substantial basis and transform it into a stabilized, cash‐flowing property. Previous ownership invested more than $2.9M of capital expenditures into the asset, alleviating some of the deferred maintenance which will be required. Restabilizing the property will result in outsized NOI growth generating exceptional returns for investors.