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3500 Orkney
San Antonio, TX 78223
Asking Price
$3.90M
Asset Type
Industrial Land
Class
Class B
What's Special
21 acres Industrial Land on IH-37 <ul><li>20.77-acre Lot 4 has I-1 Zoning and was studied by Kimley Horn engineers for both industrial and multi-family developments. A $30,000 feasibility study with conceptual design supports a 366-unit multifamily community, endorsed by the City Council's office. The second study and concept shows two warehouses totalling 209,000-square-ft.</li><li>Positioned near multiple thriving national and local tenants, which have benefited from the recent economic growth throughout San Antonio.</li></u
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NOI
$80,000
Cap Rate
2.05%
DSCR
0.35
Underwater
Cash-on-Cash
-12.95%
Monthly Payment
$19,295.072
Annual Cash Flow
$-151,540.865
