4400-4420 N Interstate 35 - Showroom FOR SALE


San Antonio, TX 78218- Goldfield
$5,800,000 USD
214-274-8707
4400-4420 N Interstate 35, San Antonio, TX for Sale
$5,800,000 USD
Showroom - FOR SALE
1/21
null | 6.02% Cap Rate

4400-4420 N Interstate 35
San Antonio, TX 78218
Goldfield


HIGHLIGHTS

  • 49,845 SF value-add multi-tenant small-bay industrial asset located approximately 10 minutes from Downtown San Antonio
  • Prominently positioned on I-35 at the intersection of I-35N and Loop 410, which sees a traffic volume over 110,000 VPD
  • In-place rents of $8.32/SF NNN vs. market rents of $12.00/SF NNN
  • 8.53% Year-5 pro-forma cap rate and WALT less than 2.5 years
  • At $116.36/SF priced significantly below replacement cost
  • Highly functional tilt-wall construction with 5,538 SF average suite size

OVERVIEW

Alamo Business Park (the “Property”) is a 49,845 square foot value-add multi-tenant small-bay industrial asset positioned on 2.6 acres of land and located in the infill Northeast Submarket of San Antonio, Texas. The Property is prominently positioned on N Interstate 35 at the intersection of I-35N and Loop 410, less than three miles north of Interstate 10 providing convenient access across San Antonio. The Property benefits from over 110,000 vehicles per day passing directly in front of the Property on I-35. Built in 2008, the Property consists of one small-bay industrial building that is 90.2% occupied with a Weighted Average Lease Term (WALT) of less than 2.5 years. The Property has nine suites averaging 5,538 square feet and a fenced exclusive parking area. The Property presents an exciting rental rate mark-to-market opportunity with average in-place rents of just $8.32/SF NNN compared to market rents of $12.00/SF NNN. By increasing rents to $12.00/SF NNN for the ground floor square footage, the Property has the potential to achieve a pro forma cap rate of over 8.5% in Year-5 of ownership. This value-add opportunity is further enhanced by strong current cashflow with an in-place cap rate of over 6%. Additionally, the Property benefits from its excellent infill location within close proximity of transportation infrastructure including I-35N, Loop 410, and Interstate 10. Accessing these highways allows travel from the Property to most residential areas within San Antonio in less than a 20-minute drive time. Overall, Alamo Business Park offers a rare true value-add multi-tenant small-bay industrial opportunity coupled with an attractive 6% in-place cap rate and prominently positioned on I-35N in San Antonio’s largest infill industrial node.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alamo Business Park

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

2

DRIVE INS

8

PARKING SPACES

55

LAND DETAILS

LAND ACRES

2.65

LAND SF

115,434

ZONING

L

APN/PARCEL ID

12201-000-0080

ASK ABOUT THIS PROPERTY

Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

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Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

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