Available as a Portfolio or Individual Sale
Berkadia is pleased to present the exclusive marketing of the El Paso THREE, a three-property, 361-unit multifamily portfolio opportunity. The offering includes Autumn Manor, Seville West, and The Meadows apartment communities.
Located in El Paso, Texas, this portfolio is located in diverse locatoins in the economically strong stable market of El Paso.
All three properties enjoy excellent proximity to major transportation corridors. Autumn Manor is located adjacent to and has direct-access to the Woodrow Bean Transmountain (Loop 375), and both Seville West and The Meadows are located within two miles of Interstate 10.
The El Paso THREE offers a stabilized, 361-unit portfolio consisting of three properties in El Paso, Texas. Two of the properties, Seville West and The Meadows are still owned by the original developer and have never been offered for sale. All three properties are well-maintained, however, these two properties have been exceptionally well-maintained due to ownership managing the properties for a long-term hold.
A strong diversified market, El Paso is driven by international trade, recognized as one of the largest international trade hubs in the Western Hemisphere; the military, being home to one of the largest Army bases in America; and government related services, including the DEA, El Paso Intelligence Center, Joint Task Force North, and the U.S. Border Patrol. The combination of private and public sectors have also made El Paso fairly recession resistant, having barely felt the pain of the 2008 recession.