4 Hundred Apartments

400 Fryers creek drive | Temple, TX 76504

129 Units

688 Avg Sq Ft

Built 1976

The Opportunity

• Impressive recent capex with proven value-add rent premiums

• Located within the burgeoning Temple Medical and Education (TMED) District

• Proximate to Temple’s largest employers and economic drivers

• Temple’s appealing, I-35 location provides strategic access to "Texas Triangle"

• Temple market experienced 15.5% YOY effective rent growth through October 2022

• All cash transaction

Community Amenities

  • Renovated apartment community
  • Resort style swimming pool with expanded deck
  • Free poolside WiFi
  • Pavillion with outdoor kitchens and grills
  • Dog park
  • Two laundry facilities

Unit Amenities

  • Newly renovated apartment homes
  • Granite countertops in kitchen and bath
  • New black appliances
  • Brushed nickel fixtures
  • Ceramic-tile surround in shower
  • Brand new air conditioners
  • Energy efficient double pane windows
  • Faux hardwood flooring

Contact Us

Austin Office

2500 Bee Save Road
Building 3, Suite 550
Austin, TX 78746

BErkadia Team

Investment Sales

Kelly Witherspoon

Senior Managing Director
512 226 8706
kelly.witherspoon@berkadia.com

Justin Cole

Senior Director
512 226 8711
justin.cole@berkadia.com

Adam Sumrall

Director
512 960 2674
adam.sumrall@berkadia.com

Mortgage Banking

Cameron Hart

Director
​ 512 226 8708
cameron.hart@berkadia.com

John Romano

Associate Director
​ 512 226 8714
john.romano@berkadia.com

400 Fryers Creek Drive ​ | Temple, TX 76504

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. ​ ​

© 2021 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing