8.07 ACRES CULEBRA ROAD
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± 8.07 ACRES CULEBRA ROAD SAN ANTONIO, TEXAS 78251 KRISTEN MCDADE Managing Director T: +1 713 331 1796 [email protected] MATT DAVIS Director T: +1 713 331 1798 [email protected] CULEBRA RD. PIPERS CREEK ST. REED RD.
Transcript of 8.07 ACRES CULEBRA ROAD
±8.07 ACRES CULEBRA ROAD
SAN ANTONIO, TEXAS 78251
KRISTEN MCDADEManaging DirectorT: +1 713 331 [email protected]
MATT DAVISDirectorT: +1 713 331 [email protected]
CULEBRA RD.
PIPERS CREEK ST.
REED RD.
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SITE
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According to Zillow, the median home price in zip code 78251 was $161,100 in January 2017, up 4.3% from one year prior. Home prices in this zip code are forecast to rise 3.9% within the next year.
Northside Independent School District is the public school system in this area. Local district schools serving families with school-age children include Myers Elementary School (1 mile), Jordan Middle School (1.8 miles), and Holmes High School (1.8 miles).
Located in northwest San Antonio, the site is in close proximity to all of San Antonio’s well-known attractions.
5 MILES SeaWorld San Antonio and the San Antonio Aquarium, featuring warm and cold water fish, reptiles and tropical birds.
15 MILES Six Flags Fiesta Texas and the Shops at La Cantera, an award-winning open-air shopping center with an assortment of high-end retailers and dining choices.
20 MILES The downtown San Antonio area which is home to The Alamo, the River Walk and the San Antonio Museum of Art. For sporting fans, the AT&T Center, which is home to the San Antonio Spurs but also used for hockey and concerts and hosts the annual San Antonio Stock Show & Rodeo, as well as the Alamodome are also within 20 miles.
HEALTHCARE - The San Antonio region boasts over 164,000 health care employees and the health care industry has a $30 billion annual economic impact in the area. A key contributor to the industry is the South Texas Medical Center (STMC), which consists of twelve hospitals, five specialty institutions, and separate medical, dental and nursing schools.
INFORMATION TECHNOLOGY - Extensive training programs at the University of Texas at San Antonio have made San Antonio a national leader in cybersecurity education. Two primary information technology employers in the area are Rackspace, Inc., with more than 1,600 employees locally, and NCI, which employs 400 workers. Overall, the industry supports over 34,000 jobs and boasts a $10 billion economic impact.
PORT SAN ANTONIO (9.0 miles from property) – Encompassing more than nine million square feet of space, Port San Antonio is home to over 70 tenants in aviation, logistics, warehousing/distribution, and manufacturing. Port San Antonio’s Kelly Field has an 11,500-foot runway capable of accommodating heavy-lift aircraft of all types. The port has a combined direct and indirect economic impact in excess of $2.5 billion and supports 14,000 jobs directly.
JOINT BASE SAN ANTONIO (JBSA) - A vital component in San Antonio’s dynamic economy is the military, primarily Joint Base San Antonio (JBSA), comprised of Lackland Air Force Base, Randolph Air Force Base, and Fort Sam Houston. Direct employment is more than 77,600 personnel, with direct and indirect employment reaching nearly 283,000 workers. JBSA boasts an economic impact of $48.7 billion statewide and $17 billion in disposable income for employees.
MARKET AREA
ENTERTAINMENT
ECONOMIC DRIVERS
SURVEY
1-MILE 3-MILE 5-MILEPOPULATION 19,973 113,757 342,898
AVG. HOUSEHOLD INCOME $66,572 $68,796 $66,629
AVG. HOUSING VALUE $160,332 $160,798 $152,741
2020 ESTIMATED DEMOGRAPHICS
CARS PER DAYCULEBRA RD. at PIPERS CREEK (2016) 49,000
Greenhouse Rd to Logenbaugh Rd. 5,264
2019 TRAFFIC COUNTS
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INTRODUCTIONGreater San Antonio has a population of over 2.5 million people and is one of the economic and cultural centers of Texas. A trio of economic factors have underpinned San Antonio's economic and population growth: low business costs, significant population increases of young, educated millennials and households with children, and an advanced telecom infrastructure. Notable firms in each job sector call San Antonio home, including Hulu, which hired 500 workers from 2017 to 2018, Ernst and Young, which plans to fill 900 jobs through 2023, and CGT U.S. Ltd., where 275 jobs in the manufacturing industry will be filled by 2020.
A number of factors have historically boosted the area's apartment market. The area is business friendly, has a talented and well-educated workforce, has a young population—though also appeals to retirees—and is home to a large military influence. Residents of the metro area also enjoy an average of 300 sunny days per year, much greater than the national average. Government partnerships with local businesses are showing success in creating an atmosphere downtown that incubates startup companies, which bodes well for multifamily communities downtown and in the surrounding areas. Destinations and attractions like Pearl Brewery, the Broadway Cultural Corridor, Southtown, the Alamo, and the River Walk make San Antonio an attractive multifamily market for the long term.
SAN ANTONIO, TEXAS | MSA
Retiree HavenSan Antonio ranked No. 2 among the "10 Cities Retirees are Headed to"- CNBC
Fastest-Growing City
Best Place to Live
San Antonio was the "Fastest-Growing Large City" in America- U.S. Census Bureau
The city of San Antonio was named one of the top 25 "Best Places to Live in the USA"- U.S. News & World Report
Millennial GrowthGreater San Antonio ranked No. 2 among "Metropolitan Areas with the Largest Millennial Growth"- Brookings Institution
BERKADIA ECONOMIC AND DEMOGRAPHIC OVERVIEW
INTRODUCTION
Greater San Antonio has a population of over 2.5 million people and is one of the economic and cultural centers of Texas. A trio of economic factors have underpinned San Antonio’s economic and population growth: low business costs, significant population increases of young, educated millennials and households with children, and an advanced telecom infrastructure. Notable firms in each job sector call San Antonio home, including Hulu, which hired 500 workers from 2017 to 2018, Ernst and Young, which plans to fill 900 jobs through 2023, and CGT U.S. Ltd., where 275 jobs in the manufacturing industry will be filled by 2020.A number of factors have historically boosted the area’s apartment market. The area is business friendly, has a talented and well-educated workforce, has a young population—though also appeals to retirees—and is home to a large military influence. Residents of the metro area also enjoy an average of 300 sunny days per year, much greater than the national average. Government partnerships with local businesses are showing success in creating an atmosphere downtown that incubates startup companies, which bodes well for multifamily communities downtown and in the surrounding areas. Destinations and attractions like Pearl Brewery, the Broadway Cultural Corridor, Southtown, the Alamo, and the River Walk make San Antonio an attractive multifamily market for the long term.
SAN ANTONIO, TEXAS | MSA
San Antonio ranked No. 2 among the “10 Cities Retirees are Headed to”- CNBC
Retiree Haven
San Antonio was the “Fastest-Growing Large City” in America- U.S. Census Bureau
Fastest-Growing City
The city of San Antonio was named one of the top 25 “Best Places to Live in the USA”- U.S. News & World Report
Best Place to Live
Greater San Antonio ranked No. 2 among “Metropolitan Areas with the Largest Millennial Growth”- Brookings Institute
Millennial Growth
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SAN ANTONIO, TEXAS | MSABY THE NUMBERS
TOTAL POPULATION2010 2,142,508
2019* 2,520,155
2024* 2,713,400
Growth Rate (2019 - 2024) 7.7%
MEDIAN AGE2010 34.4
2019* 35.4
2024* 35.9
TOTAL HOUSEHOLDS
2010 763,022
2019* 898,930
2024* 967,354
Growth Rate (2019 - 2024) 7.6%
MEDIAN HOME PRICE
March - 2018 $225,220
March - 2019 $233,330
Growth Rate Y-o-Y 3.6%
MEDIAN INCOME
2010 $49,432
2019* $59,196
2024* $67,245
Growth Rate (2019 - 2024) 13.6%
EMPLOYMENT GROWTH
March - 2018 1,049,600
March - 2019 1,071,700
Growth Rate Y-o-Y 2.1%
RENT VS. OWN
Average Mortgage Payment ** $1,458
Effective Rent $977
Difference $481
RENT SHARE OF WALLET
National - 2019 25.3%
San Antonio Metro - 2019 19.8%
National - 2024* 27.1%
San Antonio Metro - 2024* 19.5%
*ProjectedAnnual Rent / Median Household IncomeSource: Berkadia Economic & Demographic Report
*Projected**30-yr fixed; 20% down; 5.1% interest rate; 1.86% state propertytaxes; $1,000 annual homeowner’s insurance
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SITE
±8.07 ACRES CULEBRA ROAD
SAN ANTONIO, TEXAS 78251
±8.07 acres of land in San Antonio, Texas, Bexar County
±210’ frontage on Culebra Road (FM 1957)
Zoned MF-33
Good access, visibility and traffic counts make the site well suited for uses such as a grocer, retail, fast food, restaurant, medical, hotel, gym, storage and/or auto-collision
Contact broker for pricing
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KRISTEN MCDADEManaging DirectorT: +1 713 331 [email protected]
MATT DAVISDirectorT: +1 713 331 [email protected]
©2021 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.
CULEBRA RD.
PIPERS CREEK ST.
REED RD.
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