Northwest San Antonio Strip Center Reduced 100K 9 CAP

Posted by George Alexander on Tuesday, September 10th, 2019 at 7:28pm.

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 Walk Score. 47 Bike Score. 
4 Public Schools with at least 8 of 10 GreatSchools ratings.
3MI to West Loop 1604 at Calebra. 4.4 MI to 1604 at Bandera. 4.8 MI to I410 at Calebra.

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Bexar Central Appraisal District Data

 

Owner: McGough Living Trust c/o Eric McGough, Trustee

Address: 6750 Tezel RD, San Antonio, TX 78250

Legal:

PIDN: 719399
Geographic ID: 18849-000-0071
Legal Description:  NCB 18849 BLK LOT P-7A (GREAT NW ANNEXATN)
Zoning: C-2
Property Use Description: Strip Center

Improvements

HVAC Living Space: 9,776 SF
Canopy: 300 SF
Asphalt: 21,500 SF
Concrete: 1,800 SF
Year Built: 1986

Land:

Acres
: 0.77
SF: 33,715
Type: Commercial Store Site (CSS)

Taxes:

2018 taxes
: $24,806
Tax rate: 2.678832
Exemptions: None 

 

Community DNA - 10 MIN Drive Time

 

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Directions

3.3 MI from West Loop 1604 N at Culebra RD

Travel southwest on Culebra RD 2.4 MI
Turn left (north) on Tezel 0.9 MI
Property on right with sign

Google Map link

 

3% Buyer Broker Commission

Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.

 

So, is Timber Ranch Center the right investment property for you? For more information, please call 210.571.3776, email 6750tezel@swpre.com or complete the form below

 

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