7819 Fortune DrSan Antonio, TX 78250

For Sale
$2,150,000

16,265 SF Multi-Tenant Industrial Property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 16,265-square-foot, multi-tenant industrial flex property located at 7815 & 7819 Fortune Drive in San Antonio, Texas, within the desirable Northwest submarket. The property boasts a strong 7.06% capitalization rate and is currently 100% occupied by four tenants, providing a secure and stable cash flow. The asking price is $2,150,000, translating to $132.19 per square foot. Situated near the bustling Bandera Road retail corridor and proximate to residential developments, this property benefits from excellent visibility and accessibility. Recent improvements include new TPO roofs, landscaping enhancements, electrical upgrades, improved security lighting, and new fencing, ensuring the property is well-maintained and attractive to tenants. The property's location in a densely populated area, just south of Loop 1604, further enhances its appeal. The current tenant roster is diversified, and the existing leases include annual rental escalations, presenting a significant opportunity for future rental rate growth and increased returns. San Antonio's tight industrial market, characterized by rising rental rates for warehouse and flex space, makes this a compelling investment with strong long-term potential. The property is offered on a triple net (NNN) lease structure. This is a rare opportunity to acquire a well-located, high-performing industrial asset in a thriving market.

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5118116
Longitude
-98.6393412
7819 Fortune Dr, San Antonio, Texas

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7819 Fortune Dr
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