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For Sale | 3811 Blanco Road

$4,650,000

3811 Blanco Road, San Antonio, TX 78212

Active
Last Updated: 11/18/2024

6.72

Cap Rate

312,649

NOI

Details:
Cap Rate:    6.72%
NOI:    $312,649
Building Size:    50,000 sqft
Lot Area:    3.349 acres
Occupancy:    80%
Year Built:    1956
Price Per Sqft:    $93
Zoning:    C-2
Parking Spots:    228
Description:

Property Overview:
•Type: One-story multi-tenant retail building
•Size: 50,000 square feet
•Location: Central Los Angeles Heights submarket, San Antonio MSA

Lease Information:
•Current Occupancy: 80%
•Tenant Mix: Diverse, featuring local operators
•NotableTenants:
Manhattan Nightclub: Providing a dynamic nightlife experience.
Maya Tortilleria Y Panaderia: Recognized as one of the best places to buy tortillas in San Antonio
Blanco Ballroom: A versatile event space for various occasions
Las Minas Cafe: A Honduran restaurant offering a unique culinary experience
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Community Impact:
•The tenants, including a popular nightclub, a renowned tortilleria, a versatile ballroom, and a cultural restaurant, collectively contribute to a vibrant and inclusive community hub.
•Maya Tortilleria Y Panaderia's recognition adds a prestigious element, drawing attention to the quality of local products available within the center

Location Advantages:
•Positioned in the Central Los Angeles Heights submarket, the property benefits from its strategic location within the San Antonio MSA

Leasing Potential:
•Within 80% current occupancy, the property demonstrates strong tenant interest, indicating potential for further leasing opportunities

Future Growth:
•Consider highlighting any potential for future development plans, renovations, or additional leasing to showcase the property's growth potential

Marketing Points:
•Emphasize the diverse tenant mix, catering to a wide range of community needs and interests
•Showcase the unique offerings of each tenant, from vibrant nightlife to culinary excellence and event hosting

Overall Appeal:
•The property stands out as a dynamic retail center that not only meets the commercial needs of the community but also contributes positively to its cultural and social fabric.

Map:
Documents:
Title
Offering Memorandum
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Location
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