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Office Warehouse

Watson Lane Industrial Park

1820 Watson Ln E, New Braunfels, TX 78130

Listing Price: $4,600,000

Cap Rate
6.76%
Gross SF
28,075
Price/Gross SF
$163.85
Lot Size
10.00 acres
Year Built
2013
Rentable SF
28,075

Investment Overview

Marcus & Millichap is pleased to present Watson Lane Industrial Park located at 1820 Watson Lane, New Braunfels, Texas in the rapidly growing IH 35 corridor between Austin and San Antonio, Texas. The two-tenant property consists of two buildings totaling 28,075 SF and 5 acres of yard space on a 10-acre parcel. Approximately 3 acres of land remain undeveloped and present an opportunity for future NOI growth for the new owner. The property is less than 1 mile from IH 35, 45 minutes from Austin and 35 minutes from San Antonio. The property is located adjacent to the newly announced, 1,600-acre Mayfair Master Planned Community being developed by Southstar Communities. Mayfair is projected to contain 6,000 housing units, 300 acres of public parks, a 160-acre business park, over 120 acres of mixed-use development, over 70 acres of commercial property and four schools in the Comal Independent School District. A development of this size and duration will drive hyper-local industrial demand from the associated tradesmen and suppliers development the project and provide strong rent growth for are industrial owners. The Comal County industrial market is comprised of 17.4M SF of inventory with a vacancy rate of 2.0 percent. Rents grew by 8.2 percent over the last 12 months averaging $8.30 PSF NNN (without yard space), easily exceeding the 4.1 percent average annual change in the prior decade. Positive absorption totaled 946,000 SF over the trailing 12 months. The current rent roll consists of two tenants, Enertech and WyoTex Directional, LLC. Both tenants make use of the office warehouse space and large, fenced yards for outside storage. Enertech is a leader in turnkey infrastructure solutions, technology deployment, and engineering services for the wireless industry. Their proven track record for safety and quality position them to work with the nation's major wireless carriers, tower owners, and technology providers. As one of the largest wireless infrastructure companies in the industry with 19 locations nationally, their breadth of knowledge and technical expertise help their customers design, build, optimize, and maintain reliable wireless networks. WyoTex Directional, LLC is a local leader in directional drilling, pipeline installation, excavation, demolition land clearing, and utilities. The company is headquartered at the property and has over 40 employees.

Investment Highlights

  • Two-Tenant, NNN, Industrial Asset
  • Recently Renewed Leases
  • Strategically Located Just North of the Mayfair Development (6,000 Residential Units and 190+ Acres of Mixed-Use Space)
  • The Population of New Braunfels Has Increased Over 56% in the Last Decade
  • Easy Access to Interstate 35

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Office Warehouse

Watson Lane Industrial Park

Listing Price: $4,600,000

Cap Rate
6.76%
Gross SF
28,075
Price/Gross SF
$163.85
Lot Size
10.00 acres
Year Built
2013
Rentable SF
28,075

Investment Highlights

  • Two-Tenant, NNN, Industrial Asset
  • Recently Renewed Leases
  • Strategically Located Just North of the Mayfair Development (6,000 Residential Units and 190+ Acres of Mixed-Use Space)
  • The Population of New Braunfels Has Increased Over 56% in the Last Decade
  • Easy Access to Interstate 35

Investment Overview

Marcus & Millichap is pleased to present Watson Lane Industrial Park located at 1820 Watson Lane, New Braunfels, Texas in the rapidly growing IH 35 corridor between Austin and San Antonio, Texas. The two-tenant property consists of two buildings totaling 28,075 SF and 5 acres of yard space on a 10-acre parcel. Approximately 3 acres of land remain undeveloped and present an opportunity for future NOI growth for the new owner. The property is less than 1 mile from IH 35, 45 minutes from Austin and 35 minutes from San Antonio. The property is located adjacent to the newly announced, 1,600-acre Mayfair Master Planned Community being developed by Southstar Communities. Mayfair is projected to contain 6,000 housing units, 300 acres of public parks, a 160-acre business park, over 120 acres of mixed-use development, over 70 acres of commercial property and four schools in the Comal Independent School District. A development of this size and duration will drive hyper-local industrial demand from the associated tradesmen and suppliers development the project and provide strong rent growth for are industrial owners. The Comal County industrial market is comprised of 17.4M SF of inventory with a vacancy rate of 2.0 percent. Rents grew by 8.2 percent over the last 12 months averaging $8.30 PSF NNN (without yard space), easily exceeding the 4.1 percent average annual change in the prior decade. Positive absorption totaled 946,000 SF over the trailing 12 months. The current rent roll consists of two tenants, Enertech and WyoTex Directional, LLC. Both tenants make use of the office warehouse space and large, fenced yards for outside storage. Enertech is a leader in turnkey infrastructure solutions, technology deployment, and engineering services for the wireless industry. Their proven track record for safety and quality position them to work with the nation's major wireless carriers, tower owners, and technology providers. As one of the largest wireless infrastructure companies in the industry with 19 locations nationally, their breadth of knowledge and technical expertise help their customers design, build, optimize, and maintain reliable wireless networks. WyoTex Directional, LLC is a local leader in directional drilling, pipeline installation, excavation, demolition land clearing, and utilities. The company is headquartered at the property and has over 40 employees.

Exclusively Listed By

Financing By

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