NW San Antonio Strip Center | 100% Occupied | $1,250,000
7.16% Property Manager CAP | 8.15% Owner Manager CAP
Reduced. 100% occupied. 6 units. 9,776 SF. All HVAC units replaced in past year.
Owner manager proforma: 8.15% CAP. $29,358 NOI. 1.41 debt service coverage ratio.
Property manager proforma: 7.16% CAP. $17,023 NOI. 1.23 debt service coverage ratio.
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 Walk Score. 47