OAK FOREST APARTMENTS

Address:
5312 N. JOHN STOCKBAUER DR., VICTORIA, TEXAS 77904
Price:

TO BE DETERMINED BY THE MARKET

Price / Unit:
N/A
Price / Square Foot:
N/A
Number of Units:
264
Avg Sq. Ft. / Unit:
832
Class:
"A"
Type:
2014-15 CONSTRUCTED, 3 STORY APARTMENT COMMUNITY
Broker / Agent:

Description:

  1. Recent Construction - 2014-2015 Constructed, 264 Unit, Class "A" Luxury Apartment Community. The sale consists of 28.4 acres of land, the existing buildings are situated on 14 acres of the 28.4 acres. A new owner could build a Phase II development on the remaining 14.40 acres. The property did not flood in 2017 during Hurricane Harvey.

  2. Good Location - Oak Forest is located near major employment centers in Victoria such as the Victoria I.S.D., Caterpillar Industries, Formosa Plastic, Interplant Group, Dow, Invista, and Alcoa. It is situated two miles from the University of HoustonVictoria with an enrollment of more than 4,300 students. Victoria has a diversified local economy with a mix of education, health, retail, agriculture and industrial, and it has a strong presence in the oil and gas sector. Tenants' residing at Oak Forest are just minutes from Victoria Mall which is a half mile north of the property on John Stockbauer Dr. and gives tenants an abundance of restaurants, apparel stores, home improvement stores and entertainment venues. Nearby grocery centers include HEB Plus which is approximately 4 minutes southwest of the property.

  3. Community Amenities - StateoftheArt 24Hour Fitness Center, ResortStyle Pool, Wireless Internet, Internet Cafe and Coffee Bar, Limited Access Gates, Dog Park, Covered Lounging Area at Pool Side, Within Walking Distance of the Shopping Mall, Individual Elect. HW Heaters and the property is SubMetered for Water.

  4. Unit features include Designer Carpet Wood Style Flooring Black Appliances BuiltIn Microwaves WalkIn Closets Kitchen Pantries Brushed Nickel Hardware FullSize Washers/Dryers Included 9' Ceilings Custom Cabinets and more. The community has Garages, carports as well as plenty of open parking spaces.

  5. Strong Future Demand - Known as the "Crossroads of South Texas", Victoria is 30 miles from the Gulf of Mexico and is positioned between the major cities of Houston, Austin, San Antonio and Corpus Christi, and US Highways 59, 77, and 87 all intersect in the area. The city is a regional transportation hub for the surrounding seven county area and serves a growing retail trade area of over 250,000 people. According to the Texas Demographic Center the Victoria MSA is expected to have a population growth of approximately 6% from 2019 thru 2024 (5 years).

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