Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Southeast Animal Hospital, Southeast Veterinary Practice and Doc’s Spacecenter Self Storage located at 3608 S. Gevers Street, San Antonio, Texas. This unique offering combines an established veterinary practice, veterinary hospital building and an income-generating storage facility situated on 1.48 acres. Southeast Animal Hospital is a highly regarded veterinary practice with a 40-year history. This animal hospital serves over 30,400 customers and is the only facility of its kind within a three-mile radius, making it a prime location. Spanning 5,752 square feet on 0.57 acres, the animal hospital features a well-maintained waiting area, five exam rooms, a pharmacy with a drive-through window, an x-ray room, and surgical suites. The animal hospital also offers pet grooming and boarding services in addition to medical services. On the second floor of the animal hospital is situated a large suite which could be used as additional storage, conference rooms, offices or converted into an onsite residence. With pet owners occupying 58 percent of households in San Antonio, the business is well position to continue to thrive under new ownership. Furthermore, there is 20 percent expected veterinary growth from 2020-2030 with 55,000 new veterinarians needed within that time frame (U.S. Bureau of Labor Statistics). With historic stability, and increased demand going forward, Southeast Animal Hospital is a prized asset for doctors and medical investor groups. The veterinary practice has an adjusted net profit margin of 42 percent, compared to the national average of 25 percent. Available with acquisition of the veterinary practice is the real estate which houses the animal hospital and Doc’s Spacecenter, the adjacent storage property. Buyers have the option of acquiring the veterinary practice and the real estate, or just the business with execution of a long-term lease. Doc’s Spacecenter consists of 18,600 net rentable square feet and was built in 2004. The facility maintains 135 non-climate-controlled units ranging from 50 square feet to 300 square feet. The subject sustains 68.7 physical occupancy, due to owner occupied units, allowing an investor to benefit from the continuation of lease-up activity. The facility is fully fenced with two gated entrances and offers convenient access from Gevers Street or Fair Avenue. The property includes surveillance cameras and exterior lighting for safety. The property also offers concrete drives which can be easily maintained. Located in Southeast San Antonio and within Loop 410, the property is just over one mile from the Interstate 10 and Interstate 37 interchange and less than three miles south of downtown San Antonio. This property is easily visible from Gevers Street and Fair Avenue, which sees an average daily traffic count exceeding 7,300 vehicles on Gevers and 6,900 on Fair Avenue. Surrounded by established single-family neighborhoods, medical offices, schools, and national retailers, the property benefits from a 3-mile population of 117,126 and 3-mile households numbering 43,200, offering a suburban atmosphere in the heart of San Antonio. The city boasts a diverse economy with key sectors including healthcare, military, tourism, and manufacturing.