STONE OAK PARKWAY SAN ANTONIO, TX 78232 - Merit Commercial Real Estate
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19310 Stone Oak Parkway | San Antonio, TX Affiliated Business Disclosure and Confidentiality Agreement CONTACTS Merit Commercial Real Estate operates within a global nature independently and not rely on the contents of this family of companies with many subsidiaries and/or related Memorandum in any manner. entities (each an “Affiliate”) engaging in a broad range of Neither the Owner or Merit, Inc, nor any of their respective EXCLUSIVE MARKETING ADVISORS commercial real estate businesses including, but not limited directors, officers, Affiliates or representatives make any to, brokerage services, property and facilities management, representation or warranty, expressed or implied, as to the Brian Young valuation, investment fund management and development. accuracy or completeness of this Memorandum or any of its At times different Affiliates may represent various clients with Vice President contents, and no legal commitment or obligation shall arise competing interests in the same transaction. Those, or other, by reason of your receipt of this Memorandum or use of its 210 809 6000 Affiliates may express an interest in the property described contents; and you are to rely solely on your investigations and brian.young@merit-cre.com in this Memorandum (the “Property”) may submit an offer to inspections of the Property in evaluating a possible purchase purchase the Property and may be the successful bidder for of the real property. the Property. You hereby acknowledge that possibility and Ty West agree that neither Merit Commercial Real Estate nor any The Owner expressly reserved the right, at its sole discretion, Senior Vice President involved Affiliate will have any obligation to disclose to you to reject any or all expressions of interest or offers to purchase the involvement of any Affiliate in the sale or purchase of the the Property, and/or to terminate discussions with any entity 210 260 8412 Property. In all instances, however, Merit Commercial Real at any time with or without notice which may arise as a result ty.west@merit-cre.com Estate will act in the best interest of the client(s) it represents of review of this Memorandum. The Owner shall have no in the transaction described in this Memorandum and will not legal commitment or obligation to any entity reviewing this act in concert with or otherwise conduct its business in a way Memorandum or making an offer to purchase the Property that benefits any Affiliate to the detriment of any other offeror unless and until written agreement(s) for the purchase of the or prospective offeror, but rather will conduct its business in a Property have been fully executed, delivered and approved manner consistent with the law and any fiduciary duties owed by the Owner and any conditions to the Owner’s obligations to the client(s) it represents in the transaction described in this therein have been satisfied or waived. Memorandum. By receipt of this Memorandum, you agree that this This is a confidential Memorandum intended solely for your Memorandum and its contents are of a confident nature, that limited use and benefit in determining whether you desire to you will hold and treat it in the strictest confidence and that you express further interest in the acquisition of the Property. will not disclose this Memorandum or any of its contents to any www.merit-cre.com other entity without the prior written authorization of the Owner This Memorandum contains selected information pertaining to or Merit Commercial Real Estate You also agree that you will the Property and does not purport to be a representation of not use this Memorandum or any of its contents in any manner the state of affairs of the Property or the owner of the Property detrimental to the interest of the Owner or Merit Commercial (the “Owner”), to be all-inclusive or to contain all or part of Real Estate the information which prospective investors may require to evaluate a purchase of real property. Images contained within If after reviewing this Memorandum, you have no further interest are computer generated renderings of the proposed property in purchasing the Property, kindly return this Memorandum to improvements and do not constitute the final appearance of Merit Commercial Real Estate the land, building, and other improvements currently under © 2021 Merit Commercial Real Estate The information construction. All financial projections and information are contained in this document has been obtained from sources provided for general reference purposes only and are based believed reliable. While Merit Commercial Real Estate does on assumptions relating to the general economy, market not doubt its accuracy, Merit Commercial Real Estate has not conditions, competition and other factors beyond the control verified it and makes no guarantee, warranty or representation of the Owner and Merit Commercial Real Estate Therefore, all about it. It is your responsibility to independently confirm projections, assumptions and other information provided and its accuracy and completeness. Any projections, opinions, made herein are subject to material variation. All references assumptions or estimates used are for example only and do to acreages, square footages, and other measurements are not represent the current or future performance of the property. approximations. Additional information and an opportunity The value of this transaction to you depends on tax and other to inspect the Property will be made available to interested factors which should be evaluated by your tax, financial and and qualified prospective purchasers. In this Memorandum, legal advisors. You and your advisors should conduct a careful, certain documents, including leases and other materials, are independent investigation of the property to determine to your described in summary form. These summaries do not purport satisfaction the suitability of the property for your needs. to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever 2 19310 STONE OAK PARKWAY | SAN ANTONIO, TX
19310 STONE OAK PARKWAY EXECUTIVE SUMMARY.. ....................................................................... 5 PROPERTY DESCRIPTION.. ................................................................ 11 LOCATION OVERVIEW.. ...................................................................... 27 PROCESS AND OFFER INSTRUCTIONS.............................................. 37 19310 STONE OAK PARKWAY | SAN ANTONIO, TX 3
19310 STONE OAK PARKWAY OFFERING PRICE: $1,636,375 ($265.00 SF) OFFERING SIZE: 6,175 SF OFFICE SPACE YEAR BUILT: 1997 OCCUPANCY: VACANT 6 19310 STONE OAK PARKWAY | SAN ANTONIO, TX
THE BUILDING INVESTMENT HIGHLIGHTS 19310 Stone Oak Parkway is conveniently located in the heart of Stone Oak on the Northeast • 6,175 Square Foot Office Building corner of Stone Oak Parkway and Knights Cross Dr. The building is made of high-quality • 3,087 Square Foot Floor plates (2 Stories) materials featuring a stone exterior, metal roof and Class A+ interior finishes. The site is encompassed by high end residential neighborhoods and numerous retail and restaurant • Four Leasable Suites establishments located only minutes from Loop 1604 and Hwy 281. This location provides • Available March 1 convenient, easy access to all parts of the city making this a great opportunity for an owner • Market Lease Rate of $20-$22/SF/YR + NNNs user or investor seeking a quality asset in a highly sought-after location. • Parking Ratio: 2.4/1,000 SF (15 Spaces) • Class A+ Finishes 19310 STONE OAK PARKWAY | SAN ANTONIO, TX 7
New Braunfels Cibolo Schertz 19310 STONE OAK PARKWAY San Antonio Castroville 8 19310 STONE OAK PARKWAY | SAN ANTONIO, TX
PROPERTY INFORMATION Property Type Office Building Size 6,175 SF Building Class A Year Built 1997 Zoning C2-ERZD Parking 15 Spaces, 2.4 / 1,000 SF Tenancy Multiple Building Height 2 Stories Typical Floor Size 3,087 SF Slab to Slab 12'6" Building FAR 0.34 Land Acres 0.42 Acres 10 19310 STONE OAK PARKWAY | SAN ANTONIO, TX
SITE PLAN EXTERIOR VIRTUAL TOUR 19310 STONE OAK PARKWAY | SAN ANTONIO, TX 11
FLOORPLANS 1ST FLOOR MENS WOMENS INTERIOR VIRTUAL TOUR 12 19310 STONE OAK PARKWAY | SAN ANTONIO, TX
FLOORPLANS 2ND FLOOR MENS WOMENS INTERIOR VIRTUAL TOUR 19310 STONE OAK PARKWAY | SAN ANTONIO, TX 13
14 19310 STONE OAK PARKWAY | SAN ANTONIO, TX
LOCATION OVERVIEW 19310 STONE OAK PARKWAY | SAN ANTONIO, TX 15
A D E VA N S R O IVE 281 DR S S O R C TS H IG K N Medical Offices 19310 STONE OAK PARKWAY 281 North Central Baptist Hospital Medical Offices Medical Offices S TO N E O A K PA R K WAY 1604 281 16 19310 STONE OAK PARKWAY | SAN ANTONIO, TX
LOCATION INFORMATION 1604 5 Minutes from Loop 1604 19310 STONE OAK PARKWAY 281 7 Minutes from US HWY 281 4 Miles from North Central Baptist Hospital STO NE O AK PA 15 Minutes to San Antonio International Airport KN IGH TS CR OS S DR IVE 24 Minutes to Downtown RK WAY Pan & Coffee Dozens of Nearby Restaurants & Shopping In the heart of Stone Oak Near Multiple Medical Offices Medical Offices 19310 STONE OAK PARKWAY | SAN ANTONIO, TX 17
EXCLUSIVE MARKETING ADVISORS Brian Young Vice President 210 809 6000 brian.young@merit-cre.com Ty West Senior Vice President 210 260 8412 ty.west@merit-cre.com www.merit-cre.com
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. INFORMATION ABOUT BROKERAGE SERVICES Before working with a real estate broker, you should know that the should not tell a buyer’s agent anything the owner would not want the duties of a broker depend on whom the broker represents. If you are a buyer to know because a buyer’s agent must disclose to the buyer any in writing not to disclose unless authorized in writing to disclose the prospective seller or landlord (owner)or a prospective buyer or tenant material information known to the agent. information or required to do so by The Texas Real Estate License Act (buyer), you should know that the broker who lists the property for sale or a court order or if the information materially relates to the condition or lease is theowner’s agent. A broker who acts as a subagent represents IF THE BROKER ACTS AS AN INTERMEDIARY: of the property. With the parties’ consent, a broker acting as an the owner in cooperation with the listing broker. A broker who acts as a A broker may act as an intermediary between the parties if the broker intermediary between the parties may appoint a person who is licensed buyer’s agent represents the buyer. A broker may act as an intermediary complies with The Texas Real Estate License Act. The broker must under The Texas Real Estate License Act and associated with the broker between the parties if the parties consent in writing. A broker can assist obtain the written consent of each party to the transaction to act as an to communicate with and carry out instructions of one party and another you in locating a property, preparing a contract or lease, or obtaining intermediary. The written consent must state who will pay the broker person who is licensed under that Act and associated with the broker to financing without representing you. A broker is obligated by law to treat and, in conspicuous bold or underlined print, set forth the br ker’s communicate with and carry out instructions of the other party. you honestly. obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License If you choose to have a broker represent you, you should enter into a IF THE BROKER REPRESENTS THE OWNER: Act. written agreement with the broker that clearly establishes the broker’s The broker becomes the owner’s agent by entering into an agreement obligations and your obligations.The agreement should state how and with the owner, usually through a written - listing agreement, or by A broker who acts as an intermediary in a transaction: by whom the broker will be paid. You have the right to choose the type agreeing to act as a subagent by accepting an offer of subagency from (1) shall treat all parties honestly; of representation, if any, you wish to receive. Your payment of a fee to a the listing broker. A subagent may work in a different real estate office. broker does not necessarily establish that the broker represents you. If (2) may not disclose that the owner will accept A listing broker or subagent can assist the buyer but does not represent you have any questions regarding the duties and responsibilities of the the buyer and must place the interests of the owner first. The buyer a price less than the asking price unless broker, you should resolve those questions before proceeding. should not tell the owner’s agent anything the buyer would not want the authorized in writing to do so by the owner; owner to know because an owner’s agent must disclose to the owner (3) may not disclose that the buyer will pay a price any material information known to the agent. greater than the price submitted in a written offer unless IF THE BROKER REPRESENTS THE BUYER: authorized in writing to do so by the buyer; and The broker becomes the buyer’s agent by entering into an agreement (4) may not disclose any confidential information or any to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent information that a party specifically instructs the broker the owner and must place the interests of the buyer first. The owner Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. Merit CRE 230160 sara@merit-cre.com 210.541.2005 BROKER FIRM NAME LICENSE NO. EMAIL PHONE BUYER, SELLER, LANDLORD TENANT DATE Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaing regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-IABS 1-0 11.02.2015 2188 or 512-465-3960
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