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Northwest Business Center 3 Flex Properties in San Antonio, TX
Investment Highlights
- 87,042 SF three-building industrial flex campus
- 16’ clear heights + 3-phase power throughout
- Strategic infill location near Loop 410, SH 151 & Hwy 90
- 94.5% occupied with 24 tenants (diversified rent roll)
- 50 grade-level doors with flexible small-bay suite layouts
- NNN lease structure – minimal landlord expense exposure
Executive Summary
Northwest Business Center is an institutional-quality, multi-tenant small-bay industrial flex campus totaling 87,042 square feet across three buildings in the highly desirable Alamo Downs Business Park of San Antonio.
The property is currently 94.5% leased to 24 tenants, providing a stable, diversified income stream across industries including healthcare, construction, technology, and professional services. No single tenant occupies more than 12.5% of the rentable area, reducing rollover risk and enhancing income durability.
Positioned within a supply-constrained flex submarket with approximately 94% occupancy and limited new construction, the asset benefits from strong tenant demand and long-term rent growth potential.
Investors are presented with a compelling value-add opportunity through mark-to-market rent growth, as current in-place rents average $11.66 PSF, significantly below prevailing market levels. With ~60% of leases rolling by 2029, new ownership has a clear runway to increase income while maintaining high occupancy.
The property features functional small-bay configurations, 50 grade-level overhead doors, 16-foot clear heights, and a 3.48/1,000 SF parking ratio, making it attractive to a broad range of service, industrial, and flex users.
The property is currently 94.5% leased to 24 tenants, providing a stable, diversified income stream across industries including healthcare, construction, technology, and professional services. No single tenant occupies more than 12.5% of the rentable area, reducing rollover risk and enhancing income durability.
Positioned within a supply-constrained flex submarket with approximately 94% occupancy and limited new construction, the asset benefits from strong tenant demand and long-term rent growth potential.
Investors are presented with a compelling value-add opportunity through mark-to-market rent growth, as current in-place rents average $11.66 PSF, significantly below prevailing market levels. With ~60% of leases rolling by 2029, new ownership has a clear runway to increase income while maintaining high occupancy.
The property features functional small-bay configurations, 50 grade-level overhead doors, 16-foot clear heights, and a 3.48/1,000 SF parking ratio, making it attractive to a broad range of service, industrial, and flex users.
Property Facts
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 87,042 SF |
| Number of Properties | 3 | Total Land Area | 23.46 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 87,042 SF |
| Total Land Area | 23.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 2
1850-1900 Grandstand Dr, San Antonio, TX 78238 |
Flex | 39,689 SF | 1982 | - |
|
Northwest Business Center
1800-1844 Grandstand Dr, San Antonio, TX 78238 |
Flex | 23,711 SF | 1986 | - |
|
Building 3
1904-1920 Grandstand Dr, San Antonio, TX 78238 |
Flex | 23,642 SF | 1982 | - |
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