Marcus & Millichap is pleased to present the opportunity to acquire the Buildings and Business at 925 West Russell Place in San Antonio, Texas. The subject property consists of approximately 42,675 square feet of flex warehouse space and is situated on 1.28 acres of land. The five-building asset features 56 suites, a clear height of 16’, 11 drive-in doors, pitch metal roofing, masonry construction, a fenced yard and 20 off-street parking spaces. Centrally located just off Interstate 10, the property has proximity to U.S. Highway 281 and sits along a Union Pacific rail line. Since 1976 these buildings have been family owned in the rapidly growing “Mid-town” area of San Antonio. The family’s present leasing business has been offering spaces for creatives, artists, artisans and local small businesses since 2008. With an occupancy rate of 58.6 percent, this sale offers a lease-up value-add opportunity for buyers.
The subject property is positioned within North Central, a midsize industrial submarket containing 17.6 million square feet. In 2024, North Central welcomed nearly 696,000 square feet of speculative development to its inventory, setting a 20-year high in net deliveries. With net absorption dipping into negative territory at about -45,000 square feet, the vacancy rate in North Central increased by 4.1 percentage points to a 14-year high of 7.6 percent. However, among comparable properties under 50,000 square feet, availability remained relatively tight with a 5.2 percent vacancy rate. The rise in vacancies across North Central contributed to rent growth decelerating to 2.3 percent last year, representing the slowest pace since 2011. At the start of 2025, only 16,000 square feet of industrial space were under construction in North Central, putting demand back in the driver’s seat of vacancies and rent growth going forward (CoStar).
Home to the Alamo and famous River Walk, San Antonio metro is the primary residence of 2.7 million people. San Antonio is the second most populous city in Texas behind Houston, housing more than 1.5 million residents. The local economy is anchored by the industries of healthcare, tourism, and national defense. An extensive transportation network provides shipping options to domestic and international markets. Additionally, the formation of the Eagle Ford Shale that runs through Atascosa and Wilson counties has cultivated a thriving energy sector. Valero Energy, one of the largest oil companies in the U.S., is headquartered in San Antonio. Major private employers include AT&T, Wells Fargo, USAA, and Toyota. San Antonio offers a high quality of life with a variety of entertainment including the NBA’s San Antonio Spurs, SeaWorld, and Six Flags.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0160191)
