Iconic at the Station

REO: Lender-Driven Sale | 75 Units With Strategic Value-Add Upside In San Antonio, TX

Colliers is pleased to present Iconic at the Station, a 75-unit garden-style community with strategic value-add upside located along I-410 in San Antonio, TX. With nearly all 75 units already renovated, Iconic at the Station offers a clear path to higher revenue through below-market inplace rents and targeted exterior enhancements. Unit interiors feature modern cabinets, LVP flooring, granite countertops, and black/stainless steel applian ces.

Fresh exterior paint, an updated leasing entrance, and enhancements to the pool and courtyard will complement these renovations and strengthen the property’s appeal to a higher-income demographic. Nearby Sunset Ridge, built in 1949, demonstrates the upside available through a coordinated renovation program, achieving average rents $447/unit above Iconic at the Station.

New ownership will acquire a value-add opportunity with the ability to capitalize on no new supply scheduled within four miles over the next 36+ months, projected market rent growth exceeding 3% annually in 2029 and 2030, and more than 123,000 employees within a five-mile radius. The property offers easy access to Joint Base San Antonio, Brooke Army Medical Center, Northeast Baptist Hospital, San Antonio International Airport, and major Amazon and H-E-B distribution operations. With nearly all renovated interiors already in place, a focused exterior and amenity program positions new ownership to capture higher rents ahead of the anticipated market recovery and build value for a future exit.

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