5421 Grissom RdSan Antonio, TX 78238

Property Details for 5421 Grissom Rd

Year built

1970

Lot size

0.48 AC

Property size (Sq ft)

7,845 SF

Property type

Warehouses

APN

18642-001-0011

APU

186420010011

Description

This exceptional multi-tenant investment property in San Antonio, Texas, presents a compelling opportunity. Located at 5421 Grissom Rd, this property boasts 6,900 square feet of improvements across two attached, yet independent buildings on a 0.48-acre lot. The property benefits from a high-traffic location at a busy intersection with bus line access, ensuring excellent visibility. The buildings are fully occupied (100% occupancy since May 31, 2020) by two tenants under long-term gross leases with annual rent escalations. Building #1, a 2,400 square foot retail space, features an open floor plan and his/hers showers, bathrooms, and dressing rooms. Building #2, a 4,500 square foot metal building, includes his/hers showers, bathrooms, dressing rooms, offices, and a viewing room. The property has a current NOI of $75,000. One tenant, a martial arts studio, occupies 2,400 square feet and has approximately 5 years remaining on their lease. The other tenant, a children's swim school, occupies 4,500 square feet and has approximately 8 years remaining on their lease. The property is zoned C2 and features 33 parking spaces. The property is fee simple ownership and has undergone renovations in 2019. The lease commenced February 29, 2020, with rent commencing May 30, 2020, and expiring April 30, 2025. This stabilized investment offers a strong return with a remaining lease term of approximately 0.4 years.

• Alternative Use

  Use

  Valuation

  Residential

  $1,620,511

  Hospitality

  $1,484,379

  Educational

  $1,234,986

  Medical

  $1,277,459

  Retail

  $1,921,089

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4842

Longitude

-98.6293

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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