Property Map
Street View
Courtesy of Centro Properties, Collin Newton {attribution_contact}
Description
1402 Hoefgen is a 2.03 Acre property located just a few hundred feet east of U.S 281 and 1.5 miles southeast of Downtown San Antonio. It features 12,950 Sf of net rentable area, three buildings, including one dedicated office building, two warehouses, covered parking and an additional 5,375 Sf of covered storage. Ownership recently completed several capital improvement projects including laying down new base for the yard, painting the buildings, upgrading the office and landscaping the property. The property offers investors the opportunity purchase the property with in-place cash flow, lease the remaining vacant space and stabilize at a market cap rate. Additionally, owner-users can occupy the remaining vacancy (6,809 Sf of office and shop space) and offset their costs with in-place income from the existing tenant. This property sits proximate to downtown San Antonio, hemisfair, southtown and less than a mile from the reported future home of the San Antonio Spurs. Long-term investors with a forward outlook are likely to benefit from the dynamic changes taking place just a short distance away.
Property Details and Features
Listing
- Listing date: 2024-08-26 05:00:00
- 116 days on market
- 116 cumulative days on market
- $170 per square foot
Location
- County: Bexar
- Area: 1100
Building
- Built in 1965
- Approximate age: 59
- Building/center name: HOEFGEN INDUSTRIAL
- Wood
- Stucco
- 12,950 square feet
- 1,616 office square feet
- 1 story
- 11334 warehouse/industrial square feet
- 3 buildings
Roof
- Built-Up/Gravel
- Flat
Interior Features
- Ceiling height: 12
Cooling
- Central
- Window
Heating
- Central
- Window Unit
Lot
- Lot size: 2.033
Property
- Zoning: I-1
Schools
- School district: San Antonio I.S.D.
Miscellaneous
- Net leasable area: 12950
- Monthly lease: $8,511
- None
- Semi-Dock
- Grade Level
- No
- None
- 6 drive-in doors
- 3 rentals
- 30 parking spaces
- 3 units
- Other tax: 9238.09
Taxes
- Total tax: $37,162
- City tax: $7,466
- County tax: $3,809
- $16,649 school tax
- Property Tax ID: 000270000031
Utilities
- Gas utility supplier: CPS
- Electric utility supplier: CPS
- Garbage utility supplier: SAWS
- Water utility supplier: SAWS
- Sewer utility supplier: SAWS
- Electricity
- Gas
- Water
- Telephone
- Sewer