Marcus & Millichap is pleased to present the opportunity to acquire the property located at 9660 Green Road in Converse, Texas. The subject property consists of approximately 19,404 square feet of industrial space situated on 2.50 acres. Delivered in 2015, the property features metal construction, 20′ clear height, 12 grade-level doors, 3-phase power, LED lighting, and I-1 zoning. With excess land available for future development, the property can accommodate an additional 10,000-square-foot development. Located 14 miles east of downtown San Antonio, the property has direct access to Interstate 10 and Texas State Highway Loop 1604, with proximity to major distribution nodes.
This investment opportunity offers a five-year triple-net sale-leaseback at $12.50 per square foot with 3.0 percent rent escalations, with one option to extend for 2 more years, generating a 7.13 percent cap rate. The property is occupied by Alpha Millworks Inc., a custom millwork fabricator for office, residential, and hospitality spaces. The property is situated in the high-growth Northeast submarket with a large industrial inventory of 52.7 million square feet. Over the last decade, the submarket’s inventory has increased by 24 percent, indicating a strong and expanding industrial market.
The San Antonio MSA, where this property is situated, is a thriving metropolitan area with a population of over 2.5 million people, spanning across multiple counties. The region has experienced significant job growth, driven by major industries such as healthcare, technology, and manufacturing, with a growing population and migration to the area. The city is well-connected by major highways and the San Antonio International Airport, providing easy access to key markets and distribution hubs. Major industries in the area include healthcare, technology, and manufacturing, with several major corporate headquarters, including USAA and Valero Energy. The city also boasts a high quality of life, with a low cost of living and a business-friendly environment, making it an attractive location for businesses and residents alike.
BROKER OF RECORD
TIM SPECK
Texas Broker of Record
5001 Spring Valley Road, Suite 100W
Dallas, Texas 75244
Office (972) 755-5200
Tim.Speck@MarcusMillichap.com
License: 9002994
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. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0160133)
