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4035 Naco Perrin

4035 Naco Perrin Blvd, San Antonio, TX 78217

Listing Price: $1,180,000

Gross SF
12,458
Rentable SF
12,412
Price/Gross SF
$94.72
Lot Size
0.87 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to present 4035 Naco Perrin for Sale. The property is a two story multi-tenant building in San Antonio's NE submarket that is currently 81.6 percent occupied by a variety of small tenants. Since Seller's acquisition in early 2018, rents have never been raised, however Seller has implemented various capital improvements. Given the nature of the short term leases, below market rents and capital improvements, the property is ideally positioned for a Buyer to come in and capitalize on this dynamic and offer investors near term appreciation in value and cash on cash return in excess of 10 percent. The Property sits in a HUB Zone, an attractive feature for tenants vying for government contracts, while the area has been classified an Opportunity Zone, offering investors tax benefits not available to Property owners with assets not in an Opportunity Zone. Implemented Capital Improvements include new: Roof - HVACs - HVAC Ducting - Thermostats - Exterior Painting - Low-flow Toilets - Awnings Landscape - Exterior Lighting - Common Area Furnishings - Signage - Interior Lighting

Investment Highlights

  • Value Add
  • Below Market Rents
  • Owner has implemented several capital renovations including: new roof, painted exterior and HVACs

Exclusively Listed By

Listing Price: $1,180,000

Gross SF
12,458
Rentable SF
12,412
Price/Gross SF
$94.72
Lot Size
0.87 acres
Year Built
1975

Investment Highlights

  • Value Add
  • Below Market Rents
  • Owner has implemented several capital renovations including: new roof, painted exterior and HVACs

Investment Overview

Marcus & Millichap is pleased to present 4035 Naco Perrin for Sale. The property is a two story multi-tenant building in San Antonio's NE submarket that is currently 81.6 percent occupied by a variety of small tenants. Since Seller's acquisition in early 2018, rents have never been raised, however Seller has implemented various capital improvements. Given the nature of the short term leases, below market rents and capital improvements, the property is ideally positioned for a Buyer to come in and capitalize on this dynamic and offer investors near term appreciation in value and cash on cash return in excess of 10 percent. The Property sits in a HUB Zone, an attractive feature for tenants vying for government contracts, while the area has been classified an Opportunity Zone, offering investors tax benefits not available to Property owners with assets not in an Opportunity Zone. Implemented Capital Improvements include new: Roof - HVACs - HVAC Ducting - Thermostats - Exterior Painting - Low-flow Toilets - Awnings Landscape - Exterior Lighting - Common Area Furnishings - Signage - Interior Lighting

Exclusively Listed By

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