Oak Meadow Villa

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2929 Rigsby Ave, San Antonio, TX 78222

Oak Meadow Villa

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2929 Rigsby Ave, San Antonio, TX 78222

Oak Meadow Villa

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 company business in Nevada. © 2025 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

250 W Nottingham Dr Suite 120, San Antonio, TX 78209

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CAMERON HART

Senior Director 512.226.8708cameron.hart@berkadia.com

Will Caruth

Senior Director Will.Caruth@berkadia.com 210.377.2768

Cody Courtney

Senior Director Cody.Courtney@berkadia.com 210.377.1219

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Oak Meadow Villa Executive Summary

Berkadia’s San Antonio multifamily investment sales team is pleased to announce the exclusive listing of Oak Meadow Villa apartments, a 220-unit value add opportunity located in the expanding Southeast submarket of San Antonio. Built in 1969, Oak Meadow Villa is situated on 14.84-acres and comprised of 32-two story buildings with stucco and brick siding, flat-mansard roofs and commercial utilities. The property offers six spacious floor plans with an average unit size of 825 square feet. Unit interiors feature wood-plank flooring, white appliances, ceiling fans, mini blinds, spacious walk-in closets and balconies. In addition to these units, the community features include a large daycare facility, picnic and barbecue areas, playground, two clothing-care facility, 24-hour emergency pantry, perimeter fencing, controlled gate access. The property benefits greatly from developing economic drivers in the area like Brooks City Base, a 1300-acre community where more than 5,300 people live, work, learn, play and stay and Oak Meadow Villa also benefits from convenient access to major retailers and employers nearby as well as local recreational parks and facilities like Southside Lions Park, a 600-acre tract that includes over 3 miles of trails, a recreation center, softball fields, tennis facility, dam and 10-acre lake. Oak Meadow Villa is being offered all cash, available for new financing.

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Excellent Interior & Exterior Value Add Opportunity Oak Meadow Villa presents investors with tremendous upside potential across multiple avenues including interior renovations, exterior capital improvements and a more client centric management approach. Through capital infusion including an interior upgrade program, community amenity improvements and the rebranding and repositioning of this asset, new ownership will capture healthy rent premiums in the range of $100-$150 per unit. Poised for immediate revenue generating upgrades the opportunity to upgrade The interiors with stainless steel appliances, new countertops, cabinet and lighting upgrades, faux wood flooring, updated plumbing fixtures, backsplash and 2” wood blinds would immediately result in rental premiums more than $100 per unit Averaging $100 premiums on only 75% of the total units with interior renovations would realistically generate over $198,000 per year in additional revenue. These improvements will not only result in immediate upside but aid significantly in tenant retention. These strategic value-add and repositioning measures will not only revitalize Oak Meadow Villa but could see it prosper as one of the premier assets within this submarket.

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Strategic Location With High Visibility To Renters The site offers premier accessibility and visibility on Rigsby avenue, with over 14,500 vehicles driving by the asset daily. The property is cornered within the intersection of loop 410 and I-10, which transport 169,000 vehicles at their intersection according to TXDOT. This prime location ensures that residents can effortlessly connect to major highways, making commuting and access to the major San Antonio metro a breeze.

Strong Economic Drivers and Employment Sectors Oak Meadow Villa is well-positioned near many dynamic employment centers in the area with convenient access to businesses along interstate 10 and interstate 410. Major employers such as Brooks City Base and associated employers, Toyota’s ever expanding southside plant, CPS Energy, OKIN and an overabundance of industrial facilities in the area all call the Southeast submarket of San Antonio home. In addition to the Brooks revitalization and Great Britain-based JCB manufacturing plant, the southeast submarket is one of the most dynamic and developing submarkets in south Texas, making Oak Meadow Villa’s location attractive to potential residents and long-term investment. It is evident that Southern San Antonio possesses a key indicator for future growth in employment. It is the second leading submarket out of the 15 San Antonio submarkets for industrial inventory at nearly 26 million square feet. JCB, Boeing, MDV, Toyota manufacturing, and Amazon are all notable names in this submarket.

High Barrier of Entry to Own Single Family Housing According to Texas A&M Real Estate Research Center, the median home price in Bexar County was approximately $290,000 in October 2024. Renters within the submarket on average pay $1,170 less in rent than the average monthly mortgage payment of $2,266. The property’s current rents are 12% lower than the submarket average. With an average occupancy rate of 91.6% (higher than the overall market average) the South San Antonio submarket boasts a positive basis point shift annually and is forecasted to continue to grow into 2025. Additionally, minimal new supply and a trade-out renewal lease rate of 4.9% emphasize the submarket’s enduring attraction and potential for growth for enduring industrialization and new economic opportunities near the property. Rent growth strategies are also supported by a YOY submarket renter pool growth of 7.7% and projected 12.5% median household income increase of 12.5% by 2029. Currently, 36% of housing units are renter occupied and 24% of the population within a three-mile radius fall into the key renter category of 18-25 years old. New educational opportunities at the Texas A&M University at San Antonio and Palo Alto Colleges will see the overall renter and key-age demographics continue to grow moving forward. Oak Meadow Villa is strategically positioned to capitalize on this growing rent expectation and new Southside economic investments.

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