$6,123,300
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1102 Brussels ST San Antonio, TX 78219
37,420 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 37,420 sqft
Price per Sqft $143
MLS Listing ID 9394086
Sold Date 08/19/24
Originating Board actris
Year Built 1986
Tax Year 2023
Lot Size 2.660 Acres
Property Description
Gold Tier Real Estate is proud to present 1102 Brussels, a single tenant NNN deal nestled in the heart of San Antonio.
FedEx has been the sole tenant since 1986, solidifying their commitment to this building. While the building mainly acts as a receiving and distribution space for the company, the front of the building is finished as a retail print and ship center for customers.
The current cap rate is 5.50% with a bump in December 2024, bringing the return to 5.81%. Comparable properties suggest the in place rent is ~10.00% below market.
Location
State TX
County Bexar
Interior
Heating See Remarks
Cooling Central Air
Flooring Carpet, Concrete
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Accessibility Enhanced Accessibility, Accessible Entrance
Total Parking Spaces 97
Building
Sewer Public Sewer
Water Public
Structure Type Concrete,Cement Siding
New Construction No
Others
Restrictions Zoning
Acceptable Financing Cash, Conventional
Tax Rate 2.492794
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Non Member