
1611 Clovis Barker
1611 Clovis Barker Rd, San Marcos, TX, 78666, US
24,584 sm
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire a fee simple interest in Westport Industrial Park (the “Property”), a two-building industrial park totaling 187,176 square feet in the rapidly growing metro of San Antonio, Texas. The Property is ideally located within the Northwest submarket, an area that has seen tremendous growth over the last decade given its proximity to one of San Antonio’s fastest growing zip codes. Westport Industrial Park is currently 40% leased to two tenants with 3.8 years of WALT. The remaining suites have flexible floorplans that can serve various tenant sizes, ranging from 18,720 square feet up to 65,602 square feet. This enables investors to pursue tenants with a variety of size demands, allowing them to quickly boost NOI. The Property presents investors with the opportunity to acquire a Class A value-add building park with excellent upside potential in one of America’s most robust MSAs.
VALUE ADD OPPORTUNITY
POTENTIAL TO INCREASE NOI BY 150% IN TWO YEARS
FLEXIBLE FLOORPLANS
SUITABLE FOR TENANTS RANGING FROM 18,720 SF UP TO 65,602 SF
SUPERIOR SUBMARKET
TOTAL VACANCY UNDER 7% REPRESENTS ONE OF THE LOWEST IN ENTIRE MSA
STRONG SMALL INDUSTRIAL BUILDING DEMAND
SUB 50,000 SF SUITES HAVE CONSISTENTLY SEEN THE LOWEST VACANCY RATES
CLASS A BUILDING PARK
WITH MODERN DESIGN - LIMITED TO NO CAPEX NEEDED
NATION-LEADING SAN ANTONIO GROWTH MSA
SAN ANTONIO’S POPULATION HAS GROWN 3X FASTER THAN THE REST OF THE U.S.