1220 E. Commerce San Antonio, Texas 78205
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FOR SALE EXTRAORDINARY DEVELOPMENT OPPORTUNITY 1220 E. Commerce San Antonio, Texas 78205 Providence Commercial Real Estate is pleased to exclusively offer for sale 5.092 acres located at 1220 E. Commerce, improvements include a 71,342 SF office/warehouse building. The property is zoned D (downtown district). Located at I-37 and E. Commerce just east of the heart of downtown San Antonio, the property offers many benefits. A rare opportunity for development within proximity of a variety of ďƵƐŝŶĞƐƐĞƐ͕ ĂŵĞŶŝƟĞƐĂŶĚŚŝƐƚŽƌŝĐĐŝƚLJŶĞŝŐŚďŽƌŚŽŽĚƐ͘ dŚĞůŽĐĂƟŽŶŝƐ prime for high-ĞŶĚƌĞƚĂŝů͕ Žĸ ĐĞ͕ ŵƵůƟ-family, or hotel development. An area that is heavily targeted by the City of San Antonio and other ƉƵďůŝĐĞŶƟƟĞƐĨŽƌĚĞǀ ĞůŽƉŵĞŶƚ͘ ǁ ŝĚĞǀ ĂƌŝĞƚLJŽĨƉƌŽŵŝŶĞŶƚĂŵĞŶŝƟĞƐ ĂŶĚŶĞŝŐŚďŽƌƐŝŶĐůƵĚĞ͗ dŚĞZŝǀ Ğƌǁ ĂůŬ͕ dŚĞůĂŵŽĚŽŵĞ͕ ^ƵŶƐĞƚ^ƚĂƟŽŶ͕ ^ĂŶ ŶƚŽŶŝŽ ŽŶǀ ĞŶƟŽŶ ĞŶƚĞƌ͕ Zŝǀ ĞƌĐĞŶƚĞƌ D Ăůů͕ dŚĞ ůĂŵŽ͕ Hemisfair Park, Carver Community Cultural Center and many major ho- tels, museums and federal and county courthouses. Easy access to major highways and the downtown core. ŶƵŶƉĂƌĂůůĞůĞĚĐŽŵďŝŶĂƟŽŶŽĨůŽĐĂƟŽŶ͕ ĂĐĐĞƐƐĂŶĚƐŝnjĞĨŽƌĂŵĂũŽƌ new visionary development. K ŶĞŽĨƚŚĞůĂƐƚĂǀ ĂŝůĂďůĞĚŽǁ ŶƚŽǁ ŶƉƌŽƉĞƌƟĞƐŽĨƚŚŝƐƐŝnjĞ͕ ƚŚĞϱнĂĐƌĞ parcel provides an opportunity to take advantage of the current down- ƚŽǁ ŶƌĞŶĂŝƐƐĂŶĐĞǁ ŚŝůĞŝŵƉĂĐƟŶŐ^ĂŶŶƚŽŶŝŽĨŽƌĚĞĐĂĚĞƐƚŽĐŽŵĞ͘ 1 DISCLAIMER dŚĞĨŽůůŽǁ ŝŶŐƉĂŐĞƐŚĂǀ ĞďĞĞŶƉƌĞƉĂƌĞĚƚŽƉƌŽǀ ŝĚĞŝŶĨŽƌŵĂƟŽŶƚŽƉƌŽƐƉĞĐƟǀ ĞƉƵƌĐŚĂƐĞƌƐĂŶĚƚŽĞƐƚĂďůŝƐŚĂƉƌĞůŝŵŝŶĂƌLJůĞǀ ĞůŽĨŝŶƚĞƌĞƐƚŝŶ ƚŚĞƐƵďũĞĐƚƉƌŽƉĞƌƚLJ͘ dŚĞŝŶĨŽƌŵĂƟŽŶĐŽŶƚĂŝŶĞĚŚĞƌĞŝŶŝƐŶŽƚĂƐƵďƐƟƚƵƚĞĨŽƌĂƚŚŽƌŽƵŐŚĚƵĞĚŝůŝŐĞŶĐĞŝŶǀ ĞƐƟŐĂƟŽŶ͘ ůƚŚŽƵŐŚƚŚĞ ŝŶĨŽƌŵĂƟŽŶĐŽŶƚĂŝŶĞĚŚĞƌĞŝŶŚĂƐďĞĞŶŽďƚĂŝŶĞĚĨƌŽŵƐŽƵƌĐĞƐďĞůŝĞǀ ĞĚƚŽďĞƌĞůŝĂďůĞ͕ WƌŽǀ ŝĚĞŶĐĞŽŵŵĞƌĐŝĂůZĞĂůƐƚĂƚĞ^Ğƌǀ ŝĐĞƐ͕ /ŶĐ͘ ;͞ WƌŽǀ ŝĚĞŶĐĞ͟ ͿŚĂƐŶŽƚŵĂĚĞĂŶLJŝŶǀ ĞƐƟŐĂƟŽŶ͕ ĂŶĚŵĂŬĞƐŶŽǁ ĂƌƌĂŶƚLJŽƌƌĞƉƌĞƐĞŶƚĂƟŽŶ͕ ǁ ŝƚŚƌĞƐƉĞĐƚƚŽƚŚĞƐƵďũĞĐƚƉƌŽƉĞƌƚLJŝŶĐůƵĚŝŶŐďƵƚ ŶŽƚůŝŵŝƚĞĚƚŽƚŚĞƐŝnjĞĂŶĚƐƋƵĂƌĞĨŽŽƚĂŐĞŽĨƚŚĞƉƌŽƉĞƌƚLJ͕ ƚŚĞƉƌĞƐĞŶĐĞŽƌĂďƐĞŶĐĞŽĨĐŽŶƚĂŵŝŶĂƟŶŐƐƵďƐƚĂŶĐĞƐ͕ ĐŽŵƉůŝĂŶĐĞǁ ŝƚŚ^ƚĂƚĞĂŶĚ &ĞĚĞƌĂůƌĞŐƵůĂƟŽŶƐ͕ ŽƌƚŚĞƉŚLJƐŝĐĂůĐŽŶĚŝƟŽŶŽĨƚŚĞŝŵƉƌŽǀ ĞŵĞŶƚƐƚŚĞƌĞŽŶ͘ WƌŽǀ ŝĚĞŶĐĞŵĂŬĞƐŶŽǁ ĂƌƌĂŶƚLJŽƌƌĞƉƌĞƐĞŶƚĂƟŽŶƌĞŐĂƌĚŝŶŐƚŚĞ ĂĐĐƵƌĂĐLJŽƌĐŽŵƉůĞƚĞŶĞƐƐŽĨƚŚĞŝŶĨŽƌŵĂƟŽŶƉƌŽǀ ŝĚĞĚ͘ ĂĐŚƉƌŽƐƉĞĐƟǀ ĞƉƵƌĐŚĂƐĞƌŝƐƚŽƌĞůLJƵƉŽŶŝƚƐŽǁ ŶŝŶǀ ĞƐƟŐĂƟŽŶ͕ Ğǀ ĂůƵĂƟŽŶĂŶĚ judgment as to the advisability of purchasing the Property described herein. K ǁ ŶĞƌƐŚĂůůŚĂǀ ĞŶŽůĞŐĂůĐŽŵŵŝƚŵĞŶƚŽƌŽďůŝŐĂƟŽŶƚŽĂŶLJŝŶƚĞƌĞƐƚĞĚƉĂƌƚLJƌĞǀ ŝĞǁ ŝŶŐƚŚŝƐWƌŽƉĞƌƚLJŽƌŵĂŬŝŶŐĂŶŽī ĞƌƚŽƉƵƌĐŚĂƐĞƚŚĞ WƌŽƉĞƌƚLJƵŶůĞƐƐĂǁ ƌŝƩ ĞŶĂŐƌĞĞŵĞŶƚĨŽƌƚŚĞƉƵƌĐŚĂƐĞŽĨƚŚĞWƌŽƉĞƌƚLJŚĂƐďĞĞŶĨƵůůLJĞdžĞĐƵƚĞĚĂŶĚĚĞůŝǀ ĞƌĞĚďLJK ǁ ŶĞƌĂŶĚƐƵĐŚƉĂƌƚLJĂŶĚ ĂŶLJĐŽŶĚŝƟŽŶƐƚŽK ǁ ŶĞƌ͛ ƐŽďůŝŐĂƟŽŶƐƚŚĞƌĞƵŶĚĞƌŚĂǀ ĞďĞĞŶƐĂƟƐĮ ĞĚŽƌǁ Ăŝǀ ĞĚĂŶĚƚŚĞŶŽŶůLJƚŽƚŚĞĞdžƚĞŶƚĞdžƉƌĞƐƐůLJƉƌŽǀ ŝĚĞĚĨŽƌŚĞƌĞŝŶ͘ ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. &ŽƌĂĚĚŝƟŽŶĂůŝŶĨŽƌŵĂƟŽŶĂŶĚƉƌŝĐŝŶŐ͕ ĐŽŶƚĂĐƚ͗ Steve Garza, SIOR, CCIM Dan Gostylo Managing Principal Principal [email protected] [email protected] O 210.366.4444 O 210.366.4444 C 210.601.1212 C 210.601.1919 2 1220 E.Commerce San Antonio, Texas 78205 TABLE OF CONTENTS ◦ IMPROVEMENT DATA ◦ AERIALS ◦ LOCATION MAPS ◦ ZONING MAP AND BEXAR COUNTY APRAISAL DISTRICT MAP ◦ DEMOGRAPHICS ◦ SAN ANTONIO PROFILE ◦ MARKET STATISTICS Overview Office Industrial Retail ◦ INFORMATION ABOUT BROKERAGE SERVICES 3 MARKETIMPROVEMENT STATISTICS-O DATAffice The subject site contains 5.092 acres (221,808 square feet) of land. The subject site is currently improved with two (2) industrial buildings totaling 71,343 square feet. One office/warehouse building totaling 59,583 square feet was built in 1958 and one approximately 11,760 square feet ware- house facility was built in 2008. The subject facility has approximately 12,260 square feet or 17% of office area. ŽŶƐƚƌƵĐƟŽŶĞƚĂŝů Year Built: 1958 / 2008 Size: Approximately 71,343 square feet in two buildings. Stories: One (1) ^ŝƚĞWƌĞƉĂƌĂƟŽŶ͗ Clearing, leveling, grading &ŽƵŶĚĂƟŽŶ͗ Reinforced concrete slabs Framing: Steel Roof System: Flat and metal Exterior Walls: Tilt-Wall and Metal with glass windows in aluminum frames. Ceiling: Office -ĚƌŽƉƉĞĚĂĐŽƵƐƟĐĂůƟůĞ͘ Warehouse - unfinished insulated panels. Interior Walls: Office - painted drywall. Warehouse - unfinished insulated panels. Flooring: Office -ĐĞƌĂŵŝĐƟůĞ͕ ǀ ŝŶLJůƟůĞ͕ ĂŶĚĐĂƌƉĞƚ͘ Warehouse - concrete. Doors: Glass storefront doors to office/workroom. Metal pedestrian doors and overhead doors to warehouse area. >ŝŐŚƟŶŐ͗ Office -ƌĞĐĞƐƐĞĚŇŽƌĞƐĐĞŶƚůŝŐŚƟŶŐĂŶĚĐĂŶŶĞĚĮ džƚƵƌĞƐ͘ Warehouse -ŚĂŶŐŝŶŐŚĂůŝĚĞůŝŐŚƟŶŐ͘ Electrical: All electrical wiring is assumed to be in compliance with local codes and available in adequate supply for manufacturing use. Baths: dŝůĞŇŽŽƌŝŶŐ͕ ƉĂŝŶƚĞĚĚƌLJǁ Ăůů͕ ŇŽƌĞƐĐĞŶƚůŝŐŚƟŶŐ͕ ĂŶĚƐƚĂŶĚĂƌĚĮ džƚƵƌĞƐ͘ Air-ŽŶĚŝƟŽŶŝŶŐͬ , ĞĂƚ͗ Office - HVAC. Warehouse - heat. Ceiling Height: Office - +/-8 foot eave height. Warehouse - +/- 14 to 20 foot eave height. >ĂŶĚͬ ƵŝůĚŝŶŐZĂƟŽ͗ 3.11 : 1 Paving/Parking: Approximately 135,000 square feet of concrete paving and drives. 4 AERIAL 5 AERIAL 6 LOCATION MAPS 7 8 ZONING MAP AND BEXAR COUNTY APPRAISAL DISTRICT MAP 89.35' 53.89' 60.79' 777.81' 199.5' 300.01' ' 0 3 . 5 2 4 BUSINESS DEMOGRAPHICS 1220 E Commerce San Antonio, TX Businesses 1 mile: 911 3 mile: 4,326 5 mile: 7,580 10 mile: 20,931 ĂƟŶŐƐƚĂďůŝƐŚŵĞŶƚƐ 1 mile: 207 3 mile: 609 5 mile: 1,110 10 mile: 2,630 Hotels/Lodging 1 mile: 81 3 mile: 144 5 mile: 209 10 mile: 415 ĚƵĐĂƟŽŶĂů^Ğƌǀ ŝĐĞƐ 1 mile: 29 3 mile: 162 5 mile: 346 10mile: 2,510 Museums, Galleries & Botanical Gardens 1 mile: 16 3 mile: 47 5 mile: 62 10 mile: 83 Governmental Agencies 1 mile: 71 3 mile: 234 5 mile: 294 9 SAN ANTONIO PROFILE Welcome to San Antonio ^ĂŶŶƚŽŶŝŽ͕ ƚŚĞƐĞǀ ĞŶƚŚůĂƌŐĞƐƚĐŝƚLJŝŶƚŚĞŶĂƟŽŶ͕ Žī ĞƌƐŽŶĞŽĨƚŚĞŵŽƐƚĂƩ ƌĂĐƟǀ ĞďƵƐŝŶĞƐƐĐůŝŵĂƚĞƐŝŶ America. Key factors that make our city one of the best places to do business: >ŽĐĂƟŽŶ -^ĂŶŶƚŽŶŝŽ͛ ƐĐĞŶƚƌĂůůŽĐĂƟŽŶĂŶĚĂĐĐĞƐƐŝďůĞŐĞŽŐƌĂƉŚLJŚĂƐŵĂĚĞŝƚĂǀ ŝƚĂůĐĞŶƚĞƌĨŽƌďŽƚŚĐŽŵŵĞƌĐĞĂŶĚĐƵůƚƵƌĞ͘ >ŽĐĂƚĞĚĂƚƚŚĞ ĐƌŽƐƐƌŽĂĚƐŽĨ/ŶƚĞƌƐƚĂƚĞƐϯϱĂŶĚϭϬ͕ ŝƚŚĂƐďĞĐŽŵĞĞƐƐĞŶƟĂůŝŶĐŽŶŶĞĐƟŶŐƚŚĞĞĂƐƚĂŶĚǁ ĞƐƚ coasts, Canada, Mexico, Central and South America. Low Cost of Living -^ĂŶŶƚŽŶŝŽ͛ ƐĐŽƐƚŽĨůŝǀ ŝŶŐŝƐϳ ͘ ϲй ďĞůŽǁ ƚŚĞŶĂƟŽŶĂůĂǀ ĞƌĂŐĞĂŶĚŝƐĂŵŽŶŐƚŚĞůŽǁ ĞƐƚŽĨŵĂũŽƌĐŝƟĞƐĂĐƌŽƐƐƚŚĞŶĂƟŽŶ͘ ĚĚŝƟŽŶĂůůLJ͕ ǁ ŝƚŚƚŚĞĂďƐĞŶĐĞŽĨĂŶLJƐƚĂƚĞƉĞƌƐŽŶĂůƚĂdžĞƐ͕ ŽƵƌƌĞƐŝĚĞŶƚƐĂƌĞĂďůĞƚŽĞdžƚĞŶĚƚŚĞŝƌƉĂLJĐŚĞĐŬ͘ dŚĞƐĞĐŽƐƚĨĂĐƚŽƌƐĂůůŽǁ ĐŽŵƉĂŶŝĞƐƚŽŚĂǀ ĞĂǁ ĂŐĞƐĐĂůĞƚŚĂƚƉĞƌŵŝƚƐƚŚĞŵƚŽďĞĐŽŵƉĞƟƟǀ Ğǁ ŚŝůĞƐƟůůĂī ŽƌĚŝŶŐƚŚĞŝƌĞŵƉůŽLJĞĞƐƚŚĞĂďŝůŝƚLJƚŽĂĐŽŵĨŽƌƚĂďůĞ ƐƚĂŶĚĂƌĚŽĨůŝǀ ŝŶŐ͘ /ŶĨĂĐƚ͕ ĂĐĐŽƌĚŝŶŐƚŽƚŚĞE ĂƟŽŶĂůƐƐŽĐŝĂƟŽŶŽĨZĞĂůƚŽƌƐ͕ ƚŚĞŵĞĚŝĂŶŚŽŵĞƉƌŝĐĞĨŽƌ^ĂŶŶƚŽŶŝŽŝƐΨϭϲϵ͕ ϬϬϬǁ ŚŝĐŚŝƐ ϭϯй ďĞůŽǁ ƚŚĞŶĂƟŽŶĂůŵĞĚŝĂŶ͘ Workforce - San Antonio has a workforce of more than one million and has increased on average 1.8% annually since 2000. Our median age is 34.1 years old and 30% of San Antonio residents speak more than one language. The current unemployment rate is 3.8% (December ϮϬϭϰͿ͕ LJĞƚƌĞŇĞĐƚƐĂůŵŽƐƚϰϬ͕ ϬϬϬŝŶĚŝǀ ŝĚƵĂůƐƚŚĂƚĂƌĞĂĐƟǀ ĞůLJƐĞĞŬŝŶŐĞŵƉůŽLJŵĞŶƚ͘ ĚĚŝƟŽŶĂůůLJ͕ ^ĂŶŶƚŽŶŝŽŝƐŬŶŽǁ ŶĂƐ͞ D ŝůŝƚĂƌLJŝƚLJ h^͟ ǁ ŝƚŚŽǀ Ğƌϵϱ͕ ϬϬϬĂĐƟǀ ĞĚƵƚLJƉĞƌƐŽŶŶĞůĂŶĚϰϮ͕ ϬϬϬĚĞƉĞŶĚĞŶƚƐ͕ ǁ ŚŝĐŚƌĞƉƌĞƐĞŶƚƐĂǀ ĂƐƚƵŶƚĂƉƉĞĚǁ ŽƌŬĨŽƌĐĞ͘ 10 SAN ANTONIO PROFILE Community With over 300 days of sunshine annually, San Antonio’s climate makes it easy to enjoy the Ğ ƚ Ƶ ƚ ŶƵŵĞƌŽƵƐĂĐƟǀ ĂƚĞƐĂǀ ĂŝůĂďůĞŝŶƚŚĞĂƌĞĂŝŶĐůƵĚŝŶŐŐŽůĨĂƚŽŶĞŽĨŵŽƌĞƚŚĂŶϱϬĐŽƵƌƐĞƐ͕ Ɵ Ɛ Ŷ / theme parks such as Sea World, Six Flags Fiesta, the San Antonio Zoo, Market Square, San ƚ ƌ Antonio’s Fiesta, the River Walk, open air shopping malls, Botanical Gardens, Japanese LJ Ă E Tea Gardens and so much more. Đ D Art enthusiasts can visit any one of San Antonio’s many museums and cultural centers ƐƵĐŚĂƐƚŚĞD ĐE ĂLJƌƚD ƵƐĞƵŵ͕ ƚŚĞ^ĂŶŶƚŽŶŝŽD ƵƐĞƵŵŽĨƌƚ͕ ƚŚĞD ĂũĞƐƟĐdŚĞĂƚĞƌ͕ and the new $203 million Tobin Center for the Performing Arts. The city is home to numerous professional sports teams, including NBA’s San Antonio k l a W Spurs, WNBA’s San Antonio Silver Stars, AAHL San Antonio Rampage and AA Baseball’s r e v Missions. Arena football is offered by the San Antonio Talons & the UTSA Roadrunners i R o provide NCAA football. i n o t n A ŝƐĐŽǀ ĞƌŚŽǁ ŽƵƌŽƵƚƐƚĂŶĚŝŶŐƐĐŚŽŽůƐĚŝƐƚƌŝĐƚƐ͕ ĐŽůůĞŐĞƐĂŶĚƵŶŝǀ ĞƌƐŝƟĞƐƉƌŽǀ ŝĚĞƚŚĞďĞƐƚ n a ĞĚƵĐĂƟŽŶĨŽƌĨƵƚƵƌĞůĞĂĚĞƌƐŽĨ^ĂŶŶƚŽŶŝŽ͕ dĞdžĂƐĂŶĚŽƵƌĐŽƵŶƚƌLJ͘ S ^ĂŶŶƚŽŶŝŽŝƐŽŶĞŽĨƚŚĞƚŽƉůŽĐĂƟŽŶƐĨŽƌŚĞĂůƚŚĐĂƌĞŝŶĐůƵĚŝŶŐƚŚĞ^ŽƵƚŚdĞdžĂƐD ĞĚŝĐĂů s t Center, the largest medical research and care provider in southern Texas, and the San r A g Antonio Military Health Systems. n i m r o San Antonio is recognized as one of the best places to buy real estate, one of the best f r e P ƉůĂĐĞƐƚŽƌĞƟƌĞ͕ ŽŶĞŽĨƚŚĞŵŽƐƚƌĞĐĞƐƐŝŽŶ-proof economies, and one of the best places e h t for entry level jobs. To find out more about what San Antonio has to offer, check out the r o f r San Antonio Chamber of Commerce 2015-ϮϬϭϲZĞůŽĐĂƟŽŶ' ƵŝĚĞĂƚǁ ǁ ǁ ͘ ƐĂĐŚĂŵďĞƌ͘ ŽƌŐ͘ e t n e C n i b o T 11 MARKETMARKET STATISTICS STATISTICS—-Office 12 MARKETMARKET STATISTICS STATISTICS—-Office 13 MARKETMARKET STATISTICS STATISTICS—-Industrial 14 MARKETMARKET STATISTICS STATISTICS—-Industrial 15 MARKETMARKET STATISTICS STATISTICS—-Retail 16 MARKETMARKET STATISTICS STATISTICS—-Retail 17 DISCLAIMER 18.