The Boulevard at Deer Park is a multi-family apartment community comprising 216 residential units located in Deer Park, a suburb of greater Houston, Texas. The Boulevard at Deer Park is has 9 buildings on a 12.2 acre site. The property has close access to the Sam Houston Tollway/Beltway 8, Houston's outer loop road providing connections to major highways in the city.
The Class A property was developed in 2000 by its previous owner and has been very well maintained. It is one of only three Class A communities in its submarket and has averaged a high occupancy level since its initial lease-up. In the past year, the apartment units have been upgraded with laminate granite countertops, wood plank flooring (first floor units), faux wood blinds, nickel hardware and upgraded lighting. The property is located within five miles of three of the largest employers in the Port of Houston.
- Purchase Price (US): $23,000,000
- Mortgage (US): $16,480,000
- Interest Rate (fixed): 4.21%
- Debt Maturity: 2023
- Rentable Area (sq ft): 201,804
- Site Area (acres): 12.2
- Number of Units: 216