210-366-1400
40 Ne Loop 410, San Antonio, TX for Sale
Office - FOR SALE
1/16
null | Request Cap Rate

40 Ne Loop 410
San Antonio, TX 78216
Shearer Hills/Ridgeview


HIGHLIGHTS

  • Phenomenal Location
  • High Walkability
  • Ample Parking
  • Distinctive Design

OVERVIEW

The property is currently under a condominium ownership structure consisting of 7 total condominiums. Texas Name Mercantile Investment owning 6 of 7 making it 75% owner of the entire asset. The remaining 25% consists of a 52,303 square foot vacant condo space, which was previously leased by Wells Fargo Bank (WFB) and is owned by a different entity, currently being marketed for sale by another firm. Potential buyers are invited to submit purchase offers for the subject property, including the WFB condo, with specified price allocations detailed in a letter of intent. At present, the subject property is 70% leased to a variety of tenants, while the entire building, including the WFB condo, is 51% leased.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Mercantile Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

A

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

1120

LAND DETAILS

LAND ACRES

7.37 AC

LAND SF

321,037 SF

ZONING

C-3

APN/PARCEL ID

12025-100-0000,12025-100-0021,12025-100-0030,12025-100-0040,12025-100-0050,12025-100-0060,12025-100-0070

ASK ABOUT THIS PROPERTY

Ernest Brown, CCIMNAI ExcelMore Info
210-366-1400

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Ernest Brown, CCIMNAI ExcelMore Info
210-366-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.