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Interstate Business Park 1942 S Interstate 35 124,032 SF 81% Leased Industrial Building San Marcos, TX 78666 For Sale
Investment Highlights
- IRREPLACEABLE I-35 CORRIDOR LOCATION WITH MINIMAL COMPETING SUPPLY
- VALUE ADD THROUGH LEASE-UP ALONGSIDE STABLE CASH FLOW DAY ONE
- RARE 2.6-ACRE YARD CREATES A SEPARATE, UNDERWRITTEN INCOME STREAM
Executive Summary
Contact Broker for Price
Newmark is pleased to exclusively offer for sale Interstate Business Park (the “Property”), a 124,032 SF industrial building with direct IH-35 frontage
and centrally located in the Austin-San Antonio Corridor in San Marcos, Texas. The Property is currently 81.4% leased to CoTECHNO Group, Inc.
and Arlington Recycle Warehouse (operating as Texas Recycle Warehouse), and offers an immediate value-add opportunity through the lease-up
of a single remaining vacant suite of 23,082 SF. Interstate Business Park includes 2.6-acres of unimproved land that is currently not monetized and
presents a strong value-creation opportunity via outdoor storage or future development. The Property gives investors the opportunity to acquire a
well-located, income-producing logistics asset in one of the fastest growing corridors in the nation, with multiple distinct value-enhancement paths
at a basis below replacement cost.
Newmark is pleased to exclusively offer for sale Interstate Business Park (the “Property”), a 124,032 SF industrial building with direct IH-35 frontage
and centrally located in the Austin-San Antonio Corridor in San Marcos, Texas. The Property is currently 81.4% leased to CoTECHNO Group, Inc.
and Arlington Recycle Warehouse (operating as Texas Recycle Warehouse), and offers an immediate value-add opportunity through the lease-up
of a single remaining vacant suite of 23,082 SF. Interstate Business Park includes 2.6-acres of unimproved land that is currently not monetized and
presents a strong value-creation opportunity via outdoor storage or future development. The Property gives investors the opportunity to acquire a
well-located, income-producing logistics asset in one of the fastest growing corridors in the nation, with multiple distinct value-enhancement paths
at a basis below replacement cost.
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Front Loading
- Signage
- Yard
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R91917 | Improvements Assessment | $8,137,854 CAD |
| Land Assessment | $3,169,223 CAD | Total Assessment | $11,307,077 CAD |
Property Taxes
Parcel Number
R91917
Land Assessment
$3,169,223 CAD
Improvements Assessment
$8,137,854 CAD
Total Assessment
$11,307,077 CAD
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Interstate Business Park | 1942 S Interstate 35
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