Weatherford International Elmendorf (San Antonio MSA), TX

Status Under Contract
Location 19685 Interstate 37 South, Elmendorf, TX 78112
Captialilzation Rate 10.00%
Building Size 232,406 Square Feet
Lot Size 108.79 Acres
Lease Type NNN
Term Remaining 5.41 Years
Price $ 35194000
  • Weatherford is one of the Largest Multinational Oilfield Services Companies
  • STNL Industrial/Office Campus in the San Antonio MSA
  • Over Five Years of Lease Term Remaining
  • Double Digit Return
  • Over 108 Acres off Interstate 37 with Two Paved Entrances
  • Oil and Gas Prices are at Pre-Pandemic Levels
  • Approximately a Five-Percent Rent Increase April 1, 2022 (10.5% Cap)

Doherty Houston Industrial Group is pleased to present this Weatherford International, Ltd. property located off Interstate 37 in Elmendorf, Texas. The subject property consists of 11 buildings totaling 232,406-square-feet sitting on 108.79 acres and is located south of San Antonio near the intersection of Interstate 37 and Loop 1604. Both are main arteries of transportation in San Antonio with Interstate 37 heading south to the Gulf Coast and 1604 connects to Interstate 35 and Interstate 10, both nationwide interstates. Access to the site is from two paved approaches from the Interstate 37 service road. There is approximately 5.93 acres of concrete driveways giving access to each building. There are approximately five and one-half years remaining, and the lease includes an increase of approximately five percent on April 1, 2022.

Weatherford International, Ltd. is a leading wellbore and production solutions company. Operating in more than 75 countries, the company answers the challenges of the energy industry with its globally talent network of approximately 17,000 team members and approximately 380 operating locations, including manufacturing, research and development, service and training facilities.

Elmendorf is a city in Bexar County, Texas, just 17 miles southeast of downtown San Antonio. Elmendorf is part of the San Antonio-New Braunfels metropolitan statistical area. The San Antonio metro is located in the southern portion of central Texas and straddles the Interstate 35 Corridor, one of the fastest-growing areas in the state. The metro encompasses eight counties: Bandera, Atascosa, Kendall, Comal, Bexar, Guadalupe, Medina and Wilson. Situated only 145 miles from Nuevo Laredo, Mexico, San Antonio is an easy drive on Interstate 35 from the border and serves as a major gateway between the United States and Mexico. The area is further enhanced by an extensive transportation network that provides shipping options to domestic and international markets as well as the Eagle Ford Shale formation that runs through Atascosa and Wilson counties. San Antonio is the most populous city in the metro, housing more than 1.4 million residents.

Agent : Patrick Doherty

  • 512-338-7855
  • patrick.doherty@marcusmillichap.com
License: TX-622300
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