Alamo Business Park

The Property is prominently positioned on N Interstate 35 at the intersection of I-35N and Loop 410, less than three miles north of Interstate 10 providing convenient access across San Antonio.Alamo Business Park (the “Property”) is a 49,845 square foot value-add multi-tenant small-bay industrial asset positioned on 2.6 acres of land and located in the infill Northeast Submarket of San Antonio, Texas. The Property is prominently positioned on N Interstate 35 at the intersection of I-35N and Loop 410, less than three miles north of Interstate 10 providing convenient access across San Antonio. The Property benefits from over 110,000 vehicles per day passing directly in front of the Property on I-35. Built in 2008, the Property consists of one small-bay industrial building that is 90.2% occupied with a Weighted Average Lease Term (WALT) of less than 2.5 years. The Property has nine suites averaging 5,538 square feet and a fenced exclusive parking area. The Property presents an exciting rental rate mark-to-market opportunity with average in-place rents of just $8.32/SF NNN compared to market rents of $12.00/SF NNN. By increasing rents to $12.00/SF NNN for the ground floor square footage, the Property has the potential to achieve a pro forma cap rate of over 8.5% in Year-5 of ownership. This value-add opportunity is further enhanced by strong current cashflow with an in-place cap rate of over 6%. Additionally, the Property benefits from its excellent infill location within close proximity of transportation infrastructure including I-35N, Loop 410, and Interstate 10. Accessing these highways allows travel from the Property to most residential areas within San Antonio in less than a 20-minute drive time. Overall, Alamo Business Park offers a rare true value-add multi-tenant small-bay industrial opportunity coupled with an attractive 6% in-place cap rate and prominently positioned on I-35N in San Antonio’s largest infill industrial node.