7300 Blanco Rd - Office CONDO FOR SALE


San Antonio, TX 78216- North Park
$475,000 USD
210-846-0625
7300 Blanco Rd, San Antonio, TX for Sale
$475,000 USD
Office CONDO - FOR SALE
1/27
null | 7.09% Cap Rate

7300 Blanco Rd
San Antonio, TX 78216
North Park


OVERVIEW

Prime investment opportunity. This modified triple net lease property currently generates $37,279.80 in gross annual revenue. Landlord pays 50% of monthly condo association fees (currently $301.65/mo.), yielding $33, 660. annual NOI. Current lease ends in June, 2027 with 2 additional 5-year leases pre-negotiated through June, 2037, which include 5% rent accelerations.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

7.09%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

70,000 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

C-2, San Antonio

APN/PARCEL ID

11714-101-0000

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210-846-0625

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210-846-0625

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