5421 Grissom
Flex Space with Great Visibility, high traffic (Grissom & Timberhill Rd.) Seller Financing Available
Marketing description
EIM Real Estate Advisors is pleased to offer this Multi-Tenant Investment Property For Sale. Located in a high traffic area on Grissom Road in Northwest San Antonio submarket. The property has excellent visibility and consists of two attached but independent buildings with a combined 6,900sf of improvements on a little less than half an acre of land.
The two buildings that make up the 6,900sf of improvements consist of a 2,400sf traditional retail location with an open floor plan and a 4,500sf metal building with an indoor heated pool.
The property is fully leased to two tenants whos’ business is “Amazon proof”. One tenant is a martial arts studio who is leasing the 2,400sf space, and the other tenant is a swim school for kids that is leasing the 4,500sf building. Both tenants signed long term leases in 2020.
Investment highlights
INVESTMENT HIGHIGHTS
• $75,000 In Place NOI
• Martial Arts Gym, who occupies 2,400sf, has 5 years remaining on their lease.
• Swim School, who occupies 4,500sf, l has 8 years remaining on their lease.
PROPERTY HIGHLIGHTS:
• C-2 Zoning
• 20,995sf of Land
• 6,900sf of improvements in 2 independent but attached buildings
• Building #1:
- 2,400 sf
- his and hers showers, bathroom, and dressing rooms
- open floor plan
• Building #2:
4,500 sf
- his and hers showers, bathrooms, and dressing rooms
- Viewing room
- Offices
• 33 parking spaces
• Busy intersection
• Bus line
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