For Sale: 5 Apartment Complexes in Sugar Land

For Sale: 5 Apartment Complexes in Sugar Land (Portfolio or Individual)

A commercial real estate firm is now marketing 5 apartment complex developments in Sugar Land for sale. This offers a cash investor an opportunity to acquire multifamily assets in a master planned community environment where this product class is limited. 

The seller is seeking a cash investor to purchase the projects as a package or individually. The package totals 1,410 units in the First Colony master planned community of Sugar Land. The portfolio includes: Regency at First Colony, Fountains at Austin Colony, Foundations at Edgewater, Foundations at Lions Head, and Foundations at River Crest.

The properties are 97.5% occupied and make up 68% of the multifamily housing units available in the market providing a buyer a majority of the multifamily market share in the Sugar Land market. Multifamily assets are limited in Sugar Land due to master planning and zoning guidelines, as well as strong opposition from residents in the community regarding multifamily development. A couple of new development projects planned for Sugar Land were suspended because of opposition. 

Contact Mike Wong for multifamily investment opportunities in Sugar Land or the Greater Houston area. As a local commercial specialist Mike has represented multifamily developers, investors, and sellers. With an extensive portfolio of experience, credentials, and results Mike Wong has proven to be the commercial Realtor of choice in his market to get deals done for his clients.  

MIKE WONG   713.935.5800   KW COMMERCIAL
KELLER WILLIAMS REALTY SOUTHWEST

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