Cove Texas Small Bay 85 Flex DST
San Antonio, TX
| Asset Class: | Flex-Industrial |
| Leverage: | 0% - All-Cash/Debt-Free |
| Location(s): | San Antonio, TX |
| Minimum Investment: | $25,000 |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Texas Small Bay 85 Flex DST is a 68,400 square foot multi-tenant flex/industrial asset built in 2000 and located in the Northwest submarket of San Antonio, Texas. It consists of two, single-story flex/industrial buildings that are 100% leased to a diverse and dedicated tenant base with an average tenant tenure of 9.8 years that is also anchored by the U.S. Geological Survey and U.S. Fish & Wildlife Services. The dynamic location is near millions of square feet of retail including The Rim, 3,500+ apartment units, UTSA, South Texas Medical Center, La Cantera Golf Course and Resort.
MSA Details
San Antonio is the nation’s 7th largest city and the 24th largest metropolitan service area (MSA) in the United States. The San Antonio-New Braunfels MSA (referred to as Greater San Antonio) encompasses eight counties and is situated in South-Central Texas along the I-35 corridor with a population of over 2.6 million people; 200 miles west of Houston, 280 miles southwest of Dallas and 84 miles south of Austin. The MSA is centrally located between the East and West Coasts, with close proximity to Mexico. Due to its central location and positioning along Interstate 35, more than half of the total goods flowing between the U.S. and Mexico travel through San Antonio before reaching their final destination.
Property Highlights
- 68,400 SF multi-tenant flex/industrial asset located in the booming Northwest Submarket of San Antonio, TX
- Constructed in 2000, the Property boasts a dedicated tenant base with an average tenant tenure of 9.8 years and a WALT of over 5.4 years
- Located just one-third of a mile west of IH-10 and under two miles from the IH-10 and Loop 1604 intersection
- Parallel positioning along De Zavala Road with prominent signage and over 33,000 vehicles per day passing directly in front of the Property
Source: Brochure, PPM, Google Maps, CoStar
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
