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29600110
29600111

8514 Brucks Dr, Converse, TX 78109

Marcus & Millichap - San Antonio
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - San Antonio, Marcus & Millichap - Dallas
$1,050,000
118 days on market
Updated 62 days ago

Converse Industrial Flex

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 10,600
Net Rentable (SqFt) 10,600
Units 1
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 9.36%
Pro-Forma NOI $98,235
Price per SqFt $99
Class C
Year Built 1984
Buildings 1
Acreage 0.900
Zoning I-1 Light Industrial
Ceiling Height 15'
Loading Docks 9
Ownership Fee Simple

Industrial | 10,600 SqFt

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 8514 Brucks Drive in Converse, Texas. The subject property consists of approximately 10,600 square feet of industrial space and is situated on 0.90 acres of land. The single-tenant asset features masonry construction, a 15’ clear height, nine drive-in doors, and single-phase power with 200 amps and 240 volts. With a building coverage ratio of 27 percent, the property has ample industrial outdoor storage space (IOS). A portion of the IOS space is covered by a detached canopy, providing shaded parking. Located just off Old Seguin Road, the property sits 2.3 miles from North Loop 1604 East, a major corridor that encircles metro San Antonio. For sale as vacant, the property can be acquired as a lease-up investment opportunity or for a variety of owner uses, including automotive and equipment repairs.

Investment highlights

• Vacant Single-Tenant +/-10,600-Square-Foot Industrial Property Situated on 0.90 Acres

• Featuring 15’ Clear Height, Nine Drive-In Doors, Ample IOS, and Detached Canopy

• 2021 Renovations (Totaling $100,000) Including: Flooring, Insulation, HVAC, Office Space, & Enclosure of Lobby

• Proximity to Loop 1604 | Available for Multiple Uses, Ideal for Automotive/Equipment Repairs

• 6.7% Vacancy Rate Among Comparable Properties, 100 Bps Lower than National Average

Listing Contacts

Marcus & Millichap - San Antonio
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - San Antonio, Marcus & Millichap - Dallas

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
Name
Eugenio Valladares
License
830404
Brokerage Phone
512-338-7813
Name
Ernesto Melgar Campos
License
TX: 788700
Brokerage Phone
2103437817
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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