2411 NE Loop 410 - R&D FOR SALE


San Antonio, TX 78217
$4,780,000 USD
972-755-5225
2411 NE Loop 410, San Antonio, TX for Sale
$4,780,000 USD
R&D - FOR SALE
1/12
null | 7.9% Cap Rate

2411 NE Loop 410
San Antonio, TX 78217


HIGHLIGHTS

  • 31,503-Square-Foot, Multi-Tenant Flex Retail Center Located in Densely Populated and High Traffic Area of Northern San Antonio
  • 100% Leased | All Leases are Triple-Net
  • Upside Potential | Well-Below Average Market Rents Provide Significant Room for Revenue Growth
  • Diverse Tenant Mix Including Service Providers, a Restaurant, Medical Services, Light Manufacturing, and More
  • Priced at $152 Per Square Foot | Below Replacement Cost

OVERVIEW

Marymont Business Park is a 100 percent leased, 31,503-square-foot, multi-tenant retail center located in a desirable area of northern San Antonio, Texas. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including Wok This Way, Signarama, Texas Drug Screens, Accurate Automation and Controls, Graceland Psychiatric & Neuromodulation Center, Blue Ribbon Staffing, a church, Jui Jitsu Studio, and Dog Training Elite. Originally constructed in 1982, the building is situated on 2.06 acres with paved parking and a highly visible monument sign that provides additional exposure to the center. Marymont Business Park is located on Northeast Interstate 410 Loop (Connally Loop) with traffic counts exceeding 216,300 vehicles per day. The subject property is surrounded by neighboring national and regional retailers including AutoZone Auto Parts, Arby's, Subway, Academy Sports and Outdoors, QuikTrip, The Home Depot, Olive Garden, Applebee's Grill + Bar, H-E-B, Lowe's Home Improvement, Walmart Supercenter, and many more. Iron Horse Valley Apartments are adjacent to the subject property, having 464 multi-family units, and is within walking distance.

FOR SALE DETAILS

PRICE

$4,780,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marymont Business Park

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

UTILITIES

-

CLEAR CEILING HT

8 Ft

DOCKS

-

DRIVE INS

10

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.06

LAND SF

89,734

ZONING

C-3

APN/PARCEL ID

13868-000-0080

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.