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2905 Southwest Blvd
San Angelo, TX 76904
Building 3 · Retail Property For Sale
Investment Highlights
- Excellent location with major national big box tenants.
Executive Summary
This 64,702 sf facility is currently occupied by TCP Software. Current lease rate is $8.00 per sf annually. Prior tenants include Multichem and Verizon. All tenants did extensive renovations to the building prior to occupancy. The building could be divided into two units - 37,603sf and 25,788sf, making the building appropriate for many potential uses..
The facility is located in Sunset Crossing Shopping Center, a 217,000sf retail complex anchored by Hobby Lobby, Tractor Supply, and Boot Barn, all major national retailers with long term leases. There is ample parking, with a 6:1000 ratio plus an undeveloped 6 acre parcel behind the complex that could easily provide additional parking, should the need arise. Current NNN rate are incredibly low - approximately .23/sf per month.
Numerous restaurants and retailers are located within walking distance of the facility. The economics of the area, along with extremely reasonable lease rates, create a great opportunity for a "big box" retailer, mini storage facility or large scale office tenant.
The facility is located in Sunset Crossing Shopping Center, a 217,000sf retail complex anchored by Hobby Lobby, Tractor Supply, and Boot Barn, all major national retailers with long term leases. There is ample parking, with a 6:1000 ratio plus an undeveloped 6 acre parcel behind the complex that could easily provide additional parking, should the need arise. Current NNN rate are incredibly low - approximately .23/sf per month.
Numerous restaurants and retailers are located within walking distance of the facility. The economics of the area, along with extremely reasonable lease rates, create a great opportunity for a "big box" retailer, mini storage facility or large scale office tenant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
64,702 SF
Building Class
B
Year Built
1987
Price
$5,468,200 CAD
Price Per SF
$84.51 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
7.56 AC
Zoning
CG - zoning ordinance is included in documents
Parking
342 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
1,348’ on Southwest Blvd
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 07-18800-0014-001-00 | Improvements Assessment | $3,138,164 CAD |
| Land Assessment | $605,054 CAD | Total Assessment | $3,743,218 CAD |
Property Taxes
Parcel Number
07-18800-0014-001-00
Land Assessment
$605,054 CAD
Improvements Assessment
$3,138,164 CAD
Total Assessment
$3,743,218 CAD
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