Crown Meadow Shopping Center 2 Local commercial Propriétés Offertes à 17 246 856 $ CAD dans San Antonio, TX
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Significant Upside Through Lease Up of Vacancies
- Diverse, Service-Oriented Tenant Lineup
- Surrounded By National Credit Tenants and Residential Density
- Well Established Tenant Base
- Positioned at the Signalized Intersection of Culebra Road and Ingram Road
- Convenient Ingress/Egress with Ample Parking Available
RÉSUMÉ DE L'ANNONCE
Crown Meadows Shopping Center is a rare opportunity for a value-add investor to buy a well located and maintained shopping center below replacement cost with the ability to lease up vacant space and increase in-place rents.
The Property is a 52,732 square foot retail center located in a dense infill area of San Antonio, Texas. Positioned at the busy signalized intersection of Ingram Road (550 feet of frontage) and Culebra Road (450 feet of frontage), it’s visible to over 70,000 vehicles per day. Crown Meadows sits just outside of Loop 410 in the densely populated, high-growth Far West Submarket of San Antonio.
Crown Meadows is 85% occupied by long tenured, internet-resistant tenants with an average in-place rent of $19.40/sf/yr NNN. This offers new ownership upside through lease up of the vacant space as well as increasing rents at the property. In addition, 10 of the 14 tenants at the property have built in annual rent increases. The Property has a staggered rollover schedule, providing a new owner some stability while the property is leased up. Lastly, Crown Meadows had a new TPO roof installed in 2017 as well as recent parking lot updates, making future repairs and maintenance minimal.
The Property is a 52,732 square foot retail center located in a dense infill area of San Antonio, Texas. Positioned at the busy signalized intersection of Ingram Road (550 feet of frontage) and Culebra Road (450 feet of frontage), it’s visible to over 70,000 vehicles per day. Crown Meadows sits just outside of Loop 410 in the densely populated, high-growth Far West Submarket of San Antonio.
Crown Meadows is 85% occupied by long tenured, internet-resistant tenants with an average in-place rent of $19.40/sf/yr NNN. This offers new ownership upside through lease up of the vacant space as well as increasing rents at the property. In addition, 10 of the 14 tenants at the property have built in annual rent increases. The Property has a staggered rollover schedule, providing a new owner some stability while the property is leased up. Lastly, Crown Meadows had a new TPO roof installed in 2017 as well as recent parking lot updates, making future repairs and maintenance minimal.
FAITS SUR LA PROPRIÉTÉ
| Prix | 17 246 856 $ CAD |
| Prix/pi² | 327,07 $ CAD / pi² |
| Taux de capitalisation | 7% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 52 732 pi² |
| Superficie totale du terrain | 9,10 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 7616 Culebra Rd, San Antonio, TX 78251 | Local commercial | 43 262 pi² | 1986 | - |
| 7614 Culebra Rd, San Antonio, TX 78251 | Local commercial | 9 470 pi² | 1986 | - |
CONTACTS
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Bradley Suttle -
Matthew Berry -
Robbie Kilcrease -
Drew Reinking -
CBRE
