REDUCED $100K TO $1,150,000 | NW San Antonio Strip Center
100% Occupied | 8.86% Owner Manager CAP
Reduced $100K. 100% occupied. 6 units. 9,776 SF. All HVAC units replaced in past year.
OWNER manager proforma:
8.86% CAP. $101,842 NOI. $41,337 Net Cash Flow. 1.68 Debt Service Coverage Ratio (DSCR).
PROPERTY manager proforma:
7.78% CAP. $89,507 NOI. $29,002 1.48 DSCR.
33,715 SF hard corner lot with 23,852 daily traffic. 192 feet EST frontage. 21,500 SF parking lot. Not in flood zones.
Compared to San Antonio, 10-minute drive time (essentially NW San Antonio bounded by West Loop 1604, Bandera RD and 1-410 Raymond Stotzer HWY) has higher percent: $100K+ incomes, $500K+ net worth, education status, owner occupied homes.
PLUS, very low crime index. 26