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Industrial

11451 Jones Maltsberger Road #9

11451 Jones Maltsberger Rd, San Antonio, TX 78216

Listing Price: $399,000

Lot Size
0.44 acres
Price/Acre
$906,818
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present the sale of 11451 Jones Maltsberger Road #9. The property offers investors an opportunity to acquire a tract by the airport in San Antonio's North Central submarket with the added advantage of acquiring an income producing tract of land. While the current lot lease is month to month, it has been in place for 15 years with the adjacent property owner paying $24,000 per year plus annual property taxes. Based on the current income, the property is offered at a 6.02 percent un-levered return on investment. Given that the monthly rental amount has not changed in 15 years, an investor could choose to increase the rent and thereby increase their un-levered return on investment. Example: increasing the annual rent from $24,000 to $28,800 ($400 per month increase) would increase the unlevered return from 6.02 percent to 7.22 percent.

Investment Highlights

  • Produces $2,000 per Month in Rental Income
  • Lessee Also Pays Real Estate Taxes
  • Lot Lease has been In-Place for 15 Years

Exclusively Listed By

Listing Price: $399,000

Lot Size
0.44 acres
Price/Acre
$906,818
Land Type
Land

Investment Highlights

  • Produces $2,000 per Month in Rental Income
  • Lessee Also Pays Real Estate Taxes
  • Lot Lease has been In-Place for 15 Years

Investment Overview

Marcus & Millichap is pleased to present the sale of 11451 Jones Maltsberger Road #9. The property offers investors an opportunity to acquire a tract by the airport in San Antonio's North Central submarket with the added advantage of acquiring an income producing tract of land. While the current lot lease is month to month, it has been in place for 15 years with the adjacent property owner paying $24,000 per year plus annual property taxes. Based on the current income, the property is offered at a 6.02 percent un-levered return on investment. Given that the monthly rental amount has not changed in 15 years, an investor could choose to increase the rent and thereby increase their un-levered return on investment. Example: increasing the annual rent from $24,000 to $28,800 ($400 per month increase) would increase the unlevered return from 6.02 percent to 7.22 percent.

Exclusively Listed By

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