8406 fountain circle office/medical condo for sale...laredo/ nvo. laredo 150 miles mexico city 900...

210 524 40008023 Vantage Drive, Suite 1200

San Antonio TX 78230reocsanantonio.comSAN ANTONIO

R E O C

8406 Fountain Circle IH-10 @ Fountainhead Dr. (part of Fountainhead Offices park)

Office/Medical Condo For Sale

James T. ForemanVice PresidentDirect Line 210 524 [email protected]

Brian D. Harris, CCIMPresidentDirect Line 210 524 [email protected]

C. Michael MorseSenior Vice PresidentDirect Line 210 524 [email protected]

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8406 FOUNTAIN CIRCLEDramatic price drop $395,000 $340,000

C. Michael MorseVice President,Brokerage ServicesDirect Line 210 524 [email protected]

210 524 4000

SAN ANTONIOR E O C Table of Contents

© 2016 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market.

SECTION 1 Maps

SECTION 2 Plans

SECTION 3 Photos

SECTION 4 Property Summary

SECTION 5 Quote Sheet

SECTION 6 San Antonio Overview

SECTION 7 Office Market Snapshot

SECTION 8 Demographics

SECTION 9 TREC Agency Disclosure


210 524 4000

SAN ANTONIOR E O C City Location Map

CULEBRA RD

WEST

AV

SA

NP

ED

RO

AV

BROA

DW

AY

PR

ESAST

S

FM 1

560

FOS

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D S

COMMERCE ST W

JUD

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RD

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VAN

CEJACKSON

MILITA

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DR

NW

RITTIMAN RD

GOLIADRD

TE

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LR

D

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RZ

AM

OR

AS

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MARBACH RD

MC

CU

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UG

H A

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QUINTA

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RD

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HOUSTON ST E

INGRAM RD

AUSTINHWY

BRAU N RD

O'C

ON

NOR

RD

EVERS RD

FOS

TE

R R

D N

PEARSALL RD

WALZEM RD

DE Z AVALA RD

WOODLAWN AV W

FREDER

ICKSBURG

RD

MARTIN ST W

PRUE RD

S TEVES AV

RIGSBY AV

BANDERARD

JONES

MALT

SBERGER

REDLAND

R

D

GILLETTE BV

WURZB A CH PRK W

TXH

WY

16

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ELLISON

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8406 FOUNTAIN CIRCLE


210 524 4000

SAN ANTONIOR E O C Aerial Map


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SAN ANTONIOR E O C Oblique Aerial


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SAN ANTONIOR E O C Site Aerial


210 524 4000

SAN ANTONIOR E O C Traffic Aerial


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SAN ANTONIOR E O C Floor plan


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SAN ANTONIOR E O C Photos


210 524 4000

SAN ANTONIOR E O C Property Summary

Address 8406 Fountain Circle, San Antonio, TX 78229

Location SWC of IH 10 and Fountainhead Dr

Property .0587 acresDetails 1,355 sf (total building sf)

Legal NCB 17456 BLK 3 LOT 17 FOUNTAINHEAD Description P.U.D. SUBD Zoning C-3 PUD

Road Fountainhead DrFrontage

Year Built 2006

Floor(s) 1

REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.

Comments

� Motivated Seller

� Part of Fountainhead Offices park

� Can come furnished

� $150/month POA fees adjusted annually covers garbage, landscsape, etc.

� Office park behind Sumo Restaurant on IH 10 frontage rd

� Readily accesible to the South Texas Medical Center

� Central location with ease of access to all points around town

� Immediate ingress to IH-10 West

� Incredible access

Traffic CountsIH 10 access rd; 191,042 vpd (2017)

IH 10 access rd at Medical Dr; 28,164 vpd (2017)


210 524 4000

SAN ANTONIOR E O C Quote Sheet - Sale

Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, credit worthiness of tenant, condition of space leased, leasehold input allowances, term of lease and other factors deemed important by the Landlord.

This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior leasing or withdrawal without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied.

Sale Price $395,000 $340,000

Title Commitment Delivered to Buyer within fourteen (14) days of contract Effective Date

POA Fee $150/month POA fees adjusted annually covers garbage, landscsape, etc.

Disclosure A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Seller’s representative.


210 524 4000

SAN ANTONIOR E O C San Antonio Overview

Largest U.S. Cities

1 New York

2 Los Angeles

3 Chicago

4 Houston

5 Philadelphia

6 Phoenix

7 San Antonio

8 San Diego

9 Dallas

10 San Jose

San Antonio-New Braunfels Metro Area

Pop

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ion

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ian

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1,711,703

2,142,508

2,511,792

2,748,963

2000 Census

2010 Census

2018 Estimate

2023 Projection

32.9

34.1

35.4

36.1

601,265

763,022

892,489

976,679

$51,426

$62,458

$80,162

$90,187

2000 Census

2010 Census

2018 Estimate

2023 Projection

$39,029

$50,146

$57,234

$63,405

$18,443

$22,135

$29,019

$32,533

Austin80 miles

Dallas280 miles

Houston200 miles

Corpus Christi145 miles

Laredo/Nvo. Laredo 150 miles

Mexico City900 miles

San Antonio

Located in South Central Texas within Bexar County, San Antonio occupies approximately 504 square miles. Situated about 140 miles north of the Gulf of Mexico where the Gulf Coastal Plain and Texas Hill Country meet.

Major Industries

In Billions

$0 $5 $10 $15 $20 $25 $30

Manufacturing

Health Care & Bioscience

Finance

Real Estate & Construction

Military

Hospitality/Tourism

Major Industries

Finance

Real Estate & Construction

Military

Hospitality & Tourism

Health Care & Bioscience

Manufacturing

$0 $5 $10 $15 $20 $25 $30

Sources: U.S. Census; ESRI 2014 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2018 & 2023; Fortune

Black Alone

American Indian Alone

Asian Alone

Some Other Race Alone

Two or More Races

White Alone

73.5%7.1%

0.8%

12.1%3.7%

2.6%

Hispanic Origin (Any Race)

Non-Hispanic

44.1%

55.9%

Pacific Islander Alone

0.1%

1 Valero Energy 31

2 Tesoro Corp 90

3 USAA 100

4 iHeartMedia 426

Fortune 500 CompaniesRankings USSAT


210 524 4000

SAN ANTONIOR E O C

Office Market Snapshot - 2Q 2019

Office Market Snapshot - 2Q 2019

Analysis by REOC San Antonio based on data provided by the San Antonio Commercial Real Estate Data Alliance (SACREDA) and approved by the SACREDA Office Advisory Board. Statistical information is calculated for multi-tenant office bldgs. 20,000 sf and larger (excluding Single-Tenant, Owner-Occupied, Gov’t and Medical Buildings). Rental rates reflect non-weighted strict average asking rental rates quoted on an annual full-service basis. Rents quoted on a non-full service basis (such as NNN have been calculated up to reflect the full-service rate.


210 524 4000

SAN ANTONIOR E O C Demographics: 1-MileDemographic and Income Profile

8406 Fountain Cir, San Antonio, Texas, 78229 Prepared by EsriRing: 1 mile radius Latitude: 29.51839

Longitude: -98.55570

Summary Census 2010 2018 2023Population 18,806 19,584 20,261Households 8,900 9,226 9,520Families 4,092 4,164 4,270Average Household Size 2.08 2.09 2.09Owner Occupied Housing Units 2,356 2,244 2,369Renter Occupied Housing Units 6,544 6,982 7,151Median Age 30.5 32.3 32.6

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 0.68% 1.65% 0.83%Households 0.63% 1.62% 0.79%Families 0.50% 1.58% 0.71%Owner HHs 1.09% 2.09% 1.16%Median Household Income 2.85% 2.23% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 1,365 14.8% 1,134 11.9%$15,000 - $24,999 1,122 12.2% 983 10.3%$25,000 - $34,999 1,078 11.7% 972 10.2%$35,000 - $49,999 1,614 17.5% 1,662 17.5%$50,000 - $74,999 1,809 19.6% 2,022 21.2%$75,000 - $99,999 877 9.5% 1,037 10.9%$100,000 - $149,999 887 9.6% 1,142 12.0%$150,000 - $199,999 237 2.6% 277 2.9%$200,000+ 237 2.6% 290 3.0%

Median Household Income $43,506 $50,066Average Household Income $59,595 $68,051Per Capita Income $28,458 $32,305

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,329 7.1% 1,281 6.5% 1,364 6.7%5 - 9 1,137 6.0% 1,115 5.7% 1,125 5.6%10 - 14 938 5.0% 946 4.8% 927 4.6%15 - 19 950 5.1% 1,012 5.2% 990 4.9%20 - 24 2,426 12.9% 2,114 10.8% 2,269 11.2%25 - 34 4,158 22.1% 4,394 22.4% 4,340 21.4%35 - 44 2,271 12.1% 2,601 13.3% 2,792 13.8%45 - 54 2,009 10.7% 1,939 9.9% 1,975 9.7%55 - 64 1,642 8.7% 1,749 8.9% 1,814 9.0%65 - 74 996 5.3% 1,295 6.6% 1,386 6.8%75 - 84 647 3.4% 759 3.9% 869 4.3%

85+ 303 1.6% 380 1.9% 408 2.0%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 13,044 69.4% 13,053 66.7% 13,273 65.5%Black Alone 1,700 9.0% 1,866 9.5% 1,991 9.8%American Indian Alone 177 0.9% 187 1.0% 194 1.0%Asian Alone 904 4.8% 1,100 5.6% 1,281 6.3%Pacific Islander Alone 15 0.1% 16 0.1% 17 0.1%Some Other Race Alone 2,223 11.8% 2,514 12.8% 2,592 12.8%Two or More Races 743 4.0% 847 4.3% 913 4.5%

Hispanic Origin (Any Race) 9,841 52.3% 10,918 55.7% 11,655 57.5%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

May 24, 2019

©2019 Esri Page 1 of 6


210 524 4000







<$15,000 9,702 14.6% 8,437 11.9%$15,000 - $24,999 7,911 11.9% 7,123 10.0%$25,000 - $34,999 8,386 12.6% 8,086 11.4%$35,000 - $49,999 10,383 15.6% 10,955 15.4%$50,000 - $74,999 12,911 19.4% 14,745 20.8%$75,000 - $99,999 6,533 9.8% 7,967 11.2%$100,000 - $149,999 6,579 9.9% 8,668 12.2%$150,000 - $199,999 2,018 3.0% 2,380 3.4%$200,000+ 2,168 3.3% 2,679 3.8%



0 - 4 9,478 7.0% 9,465 6.4% 10,350 6.6%5 - 9 8,202 6.0% 8,574 5.8% 8,768 5.6%10 - 14 7,436 5.5% 7,972 5.4% 8,096 5.1%15 - 19 7,575 5.6% 8,214 5.6% 8,471 5.4%20 - 24 14,604 10.7% 13,901 9.4% 15,801 10.1%25 - 34 26,772 19.6% 29,033 19.6% 29,761 18.9%35 - 44 16,346 12.0% 19,622 13.3% 21,252 13.5%45 - 54 16,155 11.9% 15,640 10.6% 16,166 10.3%55 - 64 12,870 9.4% 14,671 9.9% 15,188 9.7%65 - 74 7,752 5.7% 10,874 7.4% 12,444 7.9%75 - 84 5,977 4.4% 6,267 4.2% 7,294 4.6%

85+ 3,098 2.3% 3,568 2.4% 3,628 2.3%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 99,765 73.2% 104,664 70.8% 109,806 69.8%Black Alone 8,128 6.0% 9,372 6.3% 10,329 6.6%American Indian Alone 1,190 0.9% 1,302 0.9% 1,379 0.9%Asian Alone 6,260 4.6% 7,985 5.4% 9,617 6.1%Pacific Islander Alone 125 0.1% 145 0.1% 158 0.1%Some Other Race Alone 15,849 11.6% 18,488 12.5% 19,478 12.4%Two or More Races 4,950 3.6% 5,846 4.0% 6,452 4.1%



May 24, 2019



210 524 4000







<$15,000 20,874 13.6% 18,493 11.4%$15,000 - $24,999 17,062 11.1% 15,397 9.5%$25,000 - $34,999 17,970 11.7% 17,210 10.6%$35,000 - $49,999 23,039 15.0% 23,902 14.7%$50,000 - $74,999 29,036 18.9% 32,173 19.8%$75,000 - $99,999 16,501 10.8% 19,350 11.9%$100,000 - $149,999 16,853 11.0% 21,451 13.2%$150,000 - $199,999 5,750 3.8% 6,747 4.2%$200,000+ 6,143 4.0% 7,453 4.6%



0 - 4 23,221 6.8% 23,010 6.2% 24,619 6.3%5 - 9 21,578 6.3% 21,877 5.9% 22,328 5.7%10 - 14 20,478 6.0% 21,172 5.8% 21,620 5.6%15 - 19 22,149 6.5% 22,031 6.0% 22,643 5.8%20 - 24 32,924 9.6% 31,511 8.6% 33,483 8.6%25 - 34 57,906 16.9% 65,404 17.8% 66,638 17.1%35 - 44 42,673 12.5% 47,747 13.0% 52,997 13.6%45 - 54 43,593 12.7% 41,426 11.3% 41,941 10.8%55 - 64 36,007 10.5% 40,488 11.0% 40,988 10.5%65 - 74 21,080 6.2% 30,222 8.2% 34,276 8.8%75 - 84 14,193 4.1% 15,767 4.3% 19,339 5.0%

85+ 6,227 1.8% 7,539 2.0% 7,898 2.0%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 257,732 75.4% 269,867 73.3% 282,002 72.5%Black Alone 15,744 4.6% 18,169 4.9% 20,033 5.2%American Indian Alone 2,971 0.9% 3,208 0.9% 3,366 0.9%Asian Alone 11,572 3.4% 14,816 4.0% 17,838 4.6%Pacific Islander Alone 308 0.1% 370 0.1% 415 0.1%Some Other Race Alone 41,944 12.3% 48,023 13.0% 50,056 12.9%Two or More Races 11,759 3.4% 13,740 3.7% 15,062 3.9%



May 24, 2019


REOC General Partner, LLC

493853

[email protected]

N/A

Brian Dale Harris

405243

[email protected]

N/A

N/A

N/A

N/A

N/A

Christopher Michael Morse

629643

[email protected]

N/A

REOC San A

ntonio, 8023 Vantage D

r. Suite 1200 San Antonio, TX

782302105244000

2105244029Blake Bonner

IABS Form

8406 fountain circle office/medical condo for sale...laredo/ nvo. laredo 150 miles mexico city 900...

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