Investment Overview

Marcus & Millichap is pleased to offer the opportunity acquire 5411 Fredericksburg Road, a shovel ready 6,000 square foot office condo development in San Antonio, Texas. The project is exceptionally well located as it is a few blocks away from the South Texas Medical Center. The project provides the developer the flexibility of being able to sell units of either four 1,500, square foot units, two 3,000 square foot units, one 6,000 square foot unit, or some combination thereof. Based on the proforma, the project provides the developer an attractive 22.48% IRR with a cash on- cash multiple of almost 1.52% over a three-year period. The property owner would also entertain entering into a Joint Venture partnership for development of the project.