417 North Comanche Street, San Marcos, TX 78666

The Opportunity

ASSET HIGHLIGHTS

  • The Pointe is adjacent to campus and only two blocks from the LBJ Student Union and Alkek Library
  • Built in 2017, the community is highly amenitized featuring a resort style pool, outdoor grilling stations, 24-hour fitness center, on-site garage parking, and two rooftop terraces
  • The asset is currently 91% leased and preleasing is ahead of last year’s pace

MARKET HIGHLIGHTS

  • Texas State University enrollment in 2018 topped 38,600 students
  • Freshman enrollment grew for the sixth straight year to a fall 2018 class of 6,087, a 3.6% increase over 2017
  • There are no properties in the construction pipeline closer to campus than The Pointe

ADDITIONAL UPSIDE

  • Compared to it’s competitive set, The Pointe is $59 per bed below the market average and $121 per bed below the Haven at Thorpe Lane, which leads the market
  • With the best location in the market, and below market rental rates, a new owner should rebrand the asset and make it the premier student community serving TSU

The Property

Pointe San Marcos is a premiere 109-unit, 344-bed, mid-rise, student housing community located in the heart of San Marcos, Texas, directly across the street from Texas State University and just blocks from The Square. Built in 2017, the property contains one multi-level, “O”-shaped, modern building with three-, four-, and five-stories. Surrounded by tree-lined walkways, the buildings have brick and stucco finished exteriors, flat roofs, and ground-floor retail.

Situated on 1.29 acres of land with a density of 84.5 units per acre, Pointe San Marcos encompasses an extensive unit mix comprised of studio units measuring between 309 and 356 square feet, one-bedroom units containing 552 square foot each, two-bedroom units spanning between 651 and 956 square feet, three-bedroom units measuring between 1,024 and 1,232 square feet, four-bedroom units containing between 1,363 and 1,741 square feet, five-bedroom units spanning between 1,602 and 2,013 square feet, and six-bedroom units measuring between 1,932 and 1,954 square feet.

property amenities

UNIT Amenities

  • Private Bedrooms and Bathrooms* 
  • Loft Style Units (some with downtown views) 
  • Private Balconies  
  • Walk-In Closets* 
  • Wood Style Flooring
  • Energy Star Appliances
  • Ceiling Fans
  • Granite Countertops
  • Cable, Internet, Trash and Sewer Included
  • Washer/Dryer in Every Unit
  • Modern Finishes
  • Gourmet Kitchen with Designer Tile Backsplash
  • Designer Tiled Bathrooms
  • Private Individually Keyed Entry to Bedrooms
  • Flat Screen TVs in Every Living Room 

*In Select Units

COMMUNITY Amenities

  • Resort-Style Pool
  • Tanning Booths
  • Multiple Coffee Bars
  • Exclusive Resident Events
  • Grilling Stations 
  • Reserved Parking Available
  • Two Rooftop Terraces with Panoramic Views
  • Resident Lounge with Gaming Area, Pool Table, and Flat Screen TVs
  • 24-Hour Fitness Center
  • On-Site Gated Parking
  • Conference / Study Room
  • Controlled Access and Key FOB System Throughout
  • Across the Street from Campus and just Blocks from The Square

market area

CONTACT US

Investment Advisors

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