Investment Overview

Marcus & Millichap is pleased to exclusively list 5.142 acres of land right off the I-35 corridor in Schertz, Texas (the “Property”). The Property offers generally flat terrain with over a little over 520 lineal feet of front on Country Club Boulevard in the Northcliffe subdivision. The Property has preliminary approval from the City of Schertz for eight flex office buildings totaling 64,800 square feet. The planned multi-tenant use development is strategically targeted to meet office needs for healthcare, entrepreneurial and professional uses. The office vacancy rate within a five-mile radius is 5.1 percent for 646,000 square feet of total inventory with a trailing 12-month absorption rate of 52,000 square feet and only 31,000 square feet under construction (or 4.8 percent of the total inventory). Given the aforementioned statistics, flex office is projected as the highest and best use in order to meet the project growth demands along the I-35 corridor. Within a five-mile radius, the Property has a populous of 92,224 people with 34,064 household pursuant to estimates for 2023. Since 2010, the immediate area has enjoyed over a 44 percent cumulative growth rate with an expected continued growth rate of an additional 10 percent through 2028.