Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3822 Pleasanton Road in San Antonio, Texas, occupied by the owner, Jarlin Cabinetry. The subject property consists of approximately 99,700 square feet of flex warehouse space and is situated on 8.97 acres of land. The six-building asset features metal construction and roofing, a clear height of 21’, 22 grade-level doors, five HVAC units, 130 parking spaces, and one to three-phase power with 110 volts and 220 amps. With frontage along Moursund Boulevard (Pleasanton Road), the property has proximity to Interstates 35, 410, and 37. Upon the sale of the property, the owner plans to vacate the property or sign a six-month leaseback at $4.80 per square foot, creating an owner-user or lease-up investment opportunity. The flexible space can be subdivided into multiple spaces, permitting the operation of retail and office uses, along with industrial.
The subject property is located within the geographically large South San Antonio submarket, containing a sizeable 43.3 million square feet of industrial space. In Q1 2025, net absorption rebounded to a two-year high, doubling the increase in new supply. After peaking at a record high at the start of 2024, the vacancy rate fell 170 basis points to 10.5 percent in Q1. Vacancies have continued to show signs of improvement at the start of Q2. The reduction in availability helped annual rent growth recover 50 basis points in Q1 to 3.8 percent, pushing the average market rent to about $10.10 per square foot. With 1.4 million square feet of industrial space under construction in the South submarket, representing 3.2 percent of the inventory, supply will have some additional impact on vacancies and rents in the near 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: ZAG0490047)
