Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1235, 1303, and 1306 West Laurel Street in San Antonio, leased to Anthony Machine. The subject property consists of approximately 48,548 square feet of manufacturing space and is situated on 2.19 acres of land. The four-building asset features a clear height ranging between 16’ to 23’, one dock-high door, 17 grade-level doors, and 60 parking spaces. Situated near the delta of Interstates 10 and 35, the property is only 2 miles from Downtown San Antonio. Leased through February 2031 at $6.87 per square foot, the triple-net agreement carries 2.0 percent annual escalations and four five-year renewal options. Established in 1946, Anthony Machine has grown to become the largest machine shop in South Texas, manufacturing and rebuilding machine parts for oil & gas, petro-chemical, mining & aggregates, aerospace, and industrial industries.
The subject property is strategically positioned within North Central, a midsized submarket containing 17.4 million square feet of industrial space. In 2024, the submarket welcomed a record amount of new supply with net deliveries hitting nearly 714,000 square feet. Meanwhile, industrial demand in North Central contracted slightly at about -27,000 square feet, helping to push vacancies up from 3.4 percent to a 14-year high of 7.5 percent. However, with regard to comparable manufacturing properties, the vacancy rate remained in low territory at 4.9 percent. Across North Central, annual rent growth decelerated to the lowest level since 2011 at 2.7 percent, bringing the average asking rent to about $12.60 per square foot. At the start of 2025, only 32,000 square feet of industrial space were under construction in North Central, putting demand back in the driver’s seat for vacancies and rents for the foreseeable future (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: ZAG0160047)
