I-35 Industrial Portfolio
- Address:
- 10614-10624 North Interstate 35, San Antonio, TX 78233
- Property Type:
- Multi Tenant
- Price:
- $2,500,000
- Cap Rate:
- 8.96% pro forma cap
- NOI:
- $224,016 pro forma NOI
- Square Feet:
- 18,668 sqft
- Lot Size:
- 1.31 Acres
- Price Per Square Foot:
- $133.92
- Year Built:
- 1975-1985
-
Marketing Package*
Investment Highlights
Investment Highlights
- Four-Building Industrial Portfolio Totaling 18,668 Square Feet on 1.31 Combined Acres.
- Featuring Metal Construction, 14′-24′ Clear Heights, and 20 Grade-Level Doors | Zoned C-3 and I-1 for Auto Service, Industrial, and Flex Use.
- Fully Occupied at Below-Market Rents on Month-to-Month NNN Lease Terms, Creating Value-Add or Owner-User Opportunity.
- Positioned Directly on the I-35 Access Road with Excellent Highway Visibility.
- Well-Positioned in High-Growth Northeast Submarket with 10.4 Million-Square-Foot Inventory Expansion Over 10 Years, Supporting Long-Term Appreciation.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Four-building portfolio located at 10614 to 10624 Interstate 35 in San Antonio, Texas. The subject property consists of approximately 18,668 square feet of industrial space on 1.31 combined acres. The property is positioned directly on the Interstate 35 access road with excellent highway visibility. With 164,993 Daily Traffic Count on I-35 and 13,519 Daily Traffic Count on Frontage Road. Constructed of metal, the property features 14′ to 24′ clear heights and 20 grade-level doors. Zoned C-3 and I-1, the property allows for a variety of industrial uses, including auto service.
The investment opportunity presents a unique chance to acquire a fully occupied asset at below-market rents on month-to-month lease terms, creating a value-add or owner-user opportunity. The property is well-positioned within the Northeast submarket, which has experienced significant growth with a 10.4 million-square-foot inventory expansion since 2016, supporting long-term appreciation.
The San Antonio metropolitan area is a thriving market with a strong and diverse economy. The market encompasses several counties and covers over 4,000 square miles, with a population of approximately 2.5 million people. The area has experienced steady job growth and population expansion, driven by its business-friendly environment, affordable cost of living, and high quality of life. Major transportation infrastructure in the area includes several highways and the San Antonio International Airport, providing convenient access to national and international markets. The city is home to major industries such as healthcare, technology, and manufacturing, with several major corporate headquarters and economic anchors, including the San Antonio Military Medical Center and the Port San Antonio.