Embed Size (px)
Citation preview
Offe
ring
Mem
oran
dum
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
The
info
rmat
ion
cont
aine
d in
the
follo
win
g M
arke
ting
Bro
chur
e is
pro
prie
tary
and
stri
ctly
con
fiden
tial.
It is
inte
nded
to b
e re
view
ed o
nly
by th
e pa
rty re
ceiv
ing
it fro
m M
arcu
s &
Mill
icha
p an
d sh
ould
not
be
mad
e av
aila
ble
to a
ny o
ther
pers
on o
r en
tity
with
out t
he w
ritte
n co
nsen
t of M
arcu
s &
Mill
icha
p.
This
Mar
ketin
g B
roch
ure
has
been
pre
pare
d to
prov
ide
sum
mar
y, u
nver
ified
inf
orm
atio
n to
pro
spec
tive
purc
hase
rs,
and
to e
stab
lish
only
a p
relim
inar
y le
vel o
f
inte
rest
in th
e su
bjec
t pro
perty
. T
he in
form
atio
n co
ntai
ned
here
in is
not
a s
ubst
itute
for
a th
orou
gh d
ue d
ilige
nce
inve
stig
atio
n. M
arcu
s &
Mill
icha
p ha
s no
t m
ade
any
inve
stig
atio
n, a
nd m
akes
no
war
rant
y or
rep
rese
ntat
ion,
with
resp
ect
to t
he i
ncom
e or
exp
ense
s fo
r th
e su
bjec
t pr
oper
ty,
the
futu
re p
roje
cted
fin
anci
al p
erfo
rman
ce o
f th
e
prop
erty
, the
siz
e an
d sq
uare
foot
age
of th
e pr
oper
ty a
nd im
prov
emen
ts, t
he p
rese
nce
or a
bsen
ce o
f con
tam
inat
ing
subs
tanc
es,
PC
B's
or
asbe
stos
, th
e co
mpl
ianc
e w
ith S
tate
and
Fed
eral
reg
ulat
ions
, th
e ph
ysic
al c
ondi
tion
of t
he
impr
ovem
ents
the
reon
, or
the
fin
anci
al c
ondi
tion
or b
usin
ess
pros
pect
s of
any
ten
ant,
or a
ny t
enan
t’s p
lans
or
inte
ntio
ns to
con
tinue
its
occu
panc
y of
the
subj
ect p
rope
rty.
The
info
rmat
ion
cont
aine
d in
this
Mar
ketin
g B
roch
ure
has
been
obt
aine
d fro
m s
ourc
es w
e be
lieve
to b
e re
liabl
e; h
owev
er, M
arcu
s &
Mill
icha
p ha
s no
t ver
ified
, and
will
not
verif
y, a
ny o
f the
info
rmat
ion
cont
aine
d he
rein
, nor
has
Mar
cus
& M
illic
hap
cond
ucte
d an
y in
vest
igat
ion
rega
rdin
g
thes
e m
atte
rs a
nd m
akes
no
war
rant
y or
repr
esen
tatio
n w
hats
oeve
r reg
ardi
ng th
e ac
cura
cy o
r com
plet
enes
s of
the
info
rmat
ion
prov
ided
. A
ll po
tent
ial b
uyer
s m
ust t
ake
appr
opria
te m
easu
res
to v
erify
all
of th
e in
form
atio
n se
t for
th
here
in. ALL
PR
OPE
RTY
SH
OW
ING
S A
RE
BY
APP
OIN
TMEN
T O
NLY
. PLE
ASE
CO
NSU
LT Y
OU
R M
AR
CU
S &
M
ILLI
CH
AP
AG
ENT
FOR
MO
RE
DET
AIL
S.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
8
INVE
STM
ENT
SUM
MA
RY
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
Inve
stm
ent H
ighl
ight
s•
Wel
l Mai
ntai
ned
Cla
ss A
Con
stru
ctio
n
• E
xcel
lent
Dem
ogra
phic
s - $
120,
604
Ave
rage
Hou
seho
ld
Inco
me
in O
ne M
ile R
adiu
s
• N
NN
Lea
ses
With
Ren
t Bum
ps
• H
igh
Gro
wth
Are
a - N
ew C
onst
ruct
ion
in E
very
Dire
ctio
n
The
Sto
nehu
e C
ente
r is
an e
xcel
lent
inve
stm
ent o
ppor
tuni
ty in
one
of t
he fa
stes
t
grow
ing
and
desi
rabl
e de
mog
raph
ic a
reas
in S
an A
nton
io.
The
cent
er is
wel
l
loca
ted
next
to th
e H
uebn
er R
oad
and
Sto
ne O
ak B
oule
vard
inte
rsec
tion,
one
of
the
busi
est i
nter
sect
ions
in th
e ra
pidl
y gr
owin
g S
tone
Oak
are
a. T
he n
orth
San
Ant
onio
sub
urb
has
rece
ntly
ann
ounc
ed t
hat
it w
ill b
e th
e ne
w h
ome
of t
he
Was
hing
ton
Mut
ual
Reg
iona
l O
pera
tions
Cen
ter,
brin
ging
4,2
00 j
obs
to t
he
imm
edia
te a
rea
in th
e ne
xt 5
-7 y
ears
.
The
cent
er is
100
per
cent
occ
upie
d w
ith N
NN
leas
es a
nd r
ent i
ncre
ases
. Th
is
cent
er o
ffers
the
inve
stor
a s
tabi
lized
retu
rn in
a h
igh
grow
th a
rea.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
81
Cur
rent
CA
P R
ate
7.52
%C
urre
nt N
et O
pera
ting
Inco
me
$340
,415
Cur
rent
Net
Cas
h Fl
ow A
fter D
ebt S
ervi
ce8.
2% $
93,0
22C
urre
nt T
otal
Ret
urn
11.9
% $
134,
698
Pro
For
ma
CA
P R
ate
8.10
%P
ro F
orm
a N
et O
pera
ting
Inco
me
$366
,450
Pro
For
ma
Net
Cas
h Fl
ow A
fter D
ebt S
ervi
ce10
.5%
$11
9,05
7P
ro F
orm
a To
tal R
etur
n14
.2%
$16
0,73
3
Loan
Am
ount
$3,3
93,7
50Lo
an T
ype
Prop
osed
New
Inte
rest
Rat
e6.
0%A
mor
tizat
ion
30 Y
ears
Term
10 Y
ears
Loan
to V
alue
75%
FIN
AN
CIN
G
Pric
e$4
,525
,000
Dow
n Pa
ymen
t25
.0%
$1,
131,
250
Pric
e pe
r Squ
are
Foot
(GLA
)$2
10.4
1G
ross
Lea
sabl
e A
rea
(GLA
)21
,506
Yea
r Bui
lt20
01Lo
t Siz
e2.
49 A
cres
Par
king
110
VITA
L D
ATA
SUM
MA
RY
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
82
PRIC
ING
&FI
NA
NC
IAL
AN
ALY
SIS
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
Per
Per
Cur
rent
SFSF
Pro
Form
aIN
CO
ME
Bas
e R
ent
Occ
upie
d S
pace
$366
,260
$17.
03$1
7.21
$370
,032
GR
OSS
PO
TEN
TIA
L R
ENT
$366
,260
$17.
03$1
7.21
$370
,032
Exp
ense
Rei
mbu
rsem
ents
Rea
l Est
ate
Taxe
s80
,105
3.72
4.88
105,
000
Insu
ranc
e5,
447
0.25
0.25
5,44
7C
AM
*36
,009
1.67
1.34
28,8
50A
dmin
./Man
agem
ent F
ee **
22,5
071.
051.
0522
,507
Tota
l Exp
ense
Rei
mbu
rsem
ents
$144
,068
$6.7
0$7
.52
$161
,804
Late
Fee
s1,
933
0.09
GR
OSS
PO
TEN
TIA
L IN
CO
ME
$512
,261
$23.
82$2
4.73
$531
,836
Vac
ancy
/Col
lect
ion
Allo
w. (
% G
PI)
5.0%
25,
613
1.19
EFFE
CTI
VE G
RO
SS IN
CO
ME
$486
,648
$22.
63$2
4.73
$531
,836
Gro
ss L
easa
ble
Are
a (G
LA):
21,5
06 S
F
Not
e:* C
AM
cha
rges
in 2
004
incl
ude
$715
0 fo
r roo
f rep
airs
. Th
ese
char
ges
are
not i
nclu
ded
in th
e pr
o fo
rma
CA
M re
imbu
rsem
ents
.
**
Incl
udes
15%
Adm
in fe
e on
CA
M c
harg
es.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
84
Per
Per
Cur
rent
SFSF
Pro
Form
a
EXPE
NSE
S
Rea
l Est
ate
Taxe
s *
$80,
105
$3.7
2$4
.88
$105
,000
Insu
ranc
e5,
448
0.25
0.25
5,44
8H
ome
Ow
ners
Ass
ocia
tion
1,62
40.
080.
081,
624
Acc
ount
ing
540
0.03
CAM U
tiliti
es12
,800
0.60
0.60
12,8
00R
epai
rs &
Mai
nten
ance
**14
,959
0.70
0.36
7,80
0C
ontra
ct S
ervi
ces
8,25
00.
380.
388,
250
TOTA
L C
AM
$36,
009
$1.6
7$1
.34
$28,
850
Man
agem
ent F
ee (%
of E
GI)
5% 2
2,50
71.
051.
145%
24,
464
Tota
l Exp
ense
s$1
46,2
33$6
.80
$7.6
9$1
65,3
86
NET
OPE
RA
TIN
G IN
CO
ME
(NO
I)$3
40,4
15$1
5.83
$17.
04$3
66,4
50
Res
erve
s/R
epla
cem
ents
3,22
60.
150.
153,
226
Net
Cas
h Fl
ow B
efor
e D
ebt S
ervi
ce$3
37,1
89$1
5.68
$16.
89$3
63,2
24
Not
e:* P
ro F
orm
a ta
xes
wer
e es
timat
ed b
ased
on
3% ta
x ra
te o
n 75
% o
f the
sal
e pr
ice.
** I
nclu
ded
in th
e cu
rren
t exp
ense
s is
a o
ne-ti
me
expe
nse
of $
7,15
0 in
200
4 fo
r a ro
of re
pair.
Thi
s ex
pens
e w
as re
mov
ed in
the
pro
form
a ex
pens
es.
NET
OPE
RA
TIN
G IN
CO
ME
RET
UR
NN
OI /
Sal
es P
rice
7.52
% C
AP
8.10
% C
AP
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
85
SUM
MA
RY
LOC
ATI
ON
AN
NU
ALI
ZED
EXP
ENSE
SA
NN
UA
LIZE
D O
PER
ATI
NG
DA
TA
Pric
e$4
,525
,000
Dow
n P
aym
ent
25.0
% $
1,13
1,25
0
Gro
ss L
easa
ble
Are
a (G
LA)
21,5
06
Pric
e/S
quar
e Fo
ot$2
10.4
1
Cur
rent
CA
P R
ate
7.52
%
Pro
For
ma
CA
P R
ate
8.10
%
Cur
rent
Net
Cas
h Fl
ow A
fter D
ebt S
ervi
ce8.
2% $
93,0
22
Pro
For
ma
Net
Cas
h Fl
ow A
fter D
ebt S
ervi
ce10
.5%
$11
9,05
7
FIN
AN
CIN
G S
UM
MA
RY
Pro
pose
d N
ew L
oan
of $
3,39
3,75
0 at
6%
For
10
Year
s, A
mor
tized
Ove
r 30
Year
s.
INC
OM
EC
urre
ntPr
o Fo
rma
Bas
e R
ent
Occ
upie
d S
pace
$366
,260
$370
,032
Gro
ss P
oten
tial R
ent
$366
,260
$370
,032
Tota
l Exp
ense
Rei
mbu
rsem
ents
144,
068
161,
804
Oth
er In
com
e1,
933
Gro
ss P
oten
tial I
ncom
e$5
12,2
61$5
31,8
36V
acan
cy/C
olle
ctio
n A
llow
. (%
GP
I)5.
0% 2
5,61
3Ef
fect
ive
Gro
ss In
com
e48
6,64
853
1,83
6Le
ss:
Exp
ense
s14
6,23
316
5,38
6N
et O
pera
ting
Inco
me
(NO
I)$3
40,4
15$3
66,4
50R
eser
ves/
Rep
lace
men
ts3,
226
3,22
6N
et C
ash
Flow
Bef
ore
Deb
t Ser
vice
$337
,189
$363
,224
Deb
t Ser
vice
244,
167
244,
167
Net
Cas
h Fl
ow A
fter D
ebt S
ervi
ce8.
2% $
93,0
2210
.5%
$11
9,05
7P
rinci
pal R
educ
tion
41,6
7641
,676
Tota
l Ret
urn
11.9
% $
134,
698
14.2
% $
160,
733
EXPE
NSE
SC
urre
ntPr
o Fo
rma
Rea
l Est
ate
Taxe
s *
$80,
105
$105
,000
Insu
ranc
e5,
448
5,44
8H
ome
Ow
ners
Ass
ocia
tion
1,62
41,
624
Acc
ount
ing
540
CAM U
tiliti
es12
,800
12,8
00R
epai
rs &
Mai
nten
ance
**14
,959
7,80
0C
ontra
ct S
ervi
ces
8,25
08,
250
TOTA
L C
AM
$36,
009
$28,
850
Man
agem
ent F
ee5%
22,
507
5% 2
4,46
4TO
TAL
EXPE
NSE
S$1
46,2
33$1
65,3
86EX
PEN
SES/
SF$6
.80
$7.6
9
Year
Bui
lt20
01
Lot S
ize
2.49
Acr
es
Type
of O
wne
rshi
pFe
e S
impl
e
2032
3 H
uebn
er R
oad
San
Ant
onio
, TX
782
58
As
loan
info
rmat
ion
is ti
me
sens
itive
and
sub
ject
to m
arke
t flu
ctua
tions
, we
reco
mm
end
that
you
ver
ify q
uote
d te
rms
by c
onta
ctin
g ou
r loc
al M
arcu
s &
Mill
icha
p C
apita
l Cor
p. re
pres
enta
tive
John
Nol
an @
713
.626
.304
0.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
86
Suite
Tena
ntG
LALe
ase
Com
men
ceLe
ase
Expi
reA
nnua
lR
ent
Ren
t/SF
Cha
nges
On
Cha
nges
ToO
ptio
nsLe
ase
Type
101
Qui
zno'
s1,
816
08/0
1/20
0107
/31/
11$3
2,40
0$1
7.84
08/0
6$3
7,80
0.00
3 - 5
Yr
NN
N
102
Elit
e K
arat
e *
1,54
204
/05/
2001
03/3
1/06
$28,
527
$18.
505
YrN
NN
103
PIz
za H
ut1,
800
07/0
1/20
0106
/30/
06$2
6,40
0$1
4.67
07/0
7$2
8,80
0.00
3 - 5
Yr
NN
N
104
Dan
ce M
ater
ial *
*1,
500
12/0
1/20
0512
/31/
08$2
7,00
0$1
8.00
07/0
7$2
7,76
8.00
NN
N
105
Ava
lon
Hai
r Sup
ply
1,50
002
/01/
2002
05/3
1/07
$26,
250
$17.
505
YrN
NN
106
Hea
ther
Sto
lle3,
297
09/0
2/20
0208
/31/
07$5
2,64
0$1
5.97
09/0
6$5
4,28
5.00
5 Yr
NN
N
107
Thai
Pal
ace
4,37
606
/15/
2004
08/3
1/08
$73,
046
$16.
6909
/06
$78,
264.
005
YrN
NN
108
Bic
ycle
Hea
ven
3,73
112
/01/
2001
09/3
0/10
$69,
397
$18.
6004
/07
$71,
635.
20N
NN
110
Gue
rro'
s1,
542
02/0
1/20
0504
/30/
10$3
0,60
0$1
9.84
06/0
6$3
1,50
0.00
5 Yr
NN
N
SUB
TOTA
L21
,104
$366
,260
VAC
AN
T0
$0C
UM
ULA
TIVE
TO
TAL
21,1
04$3
66,2
60
Not
e: *
Elit
e K
arat
e ha
s ex
pres
sed
desi
re to
rene
w a
t the
end
of t
he le
ase.
** T
enan
t is
curr
ently
bui
ldin
g ou
t and
will
sel
l dan
ce re
late
d m
ater
ials
. Te
nant
's b
usin
ess
nam
e is
not
yet
kno
wn.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
87
Per
cent
age
of S
F E
xpiri
ngN
umbe
r of T
enan
ts E
xpiri
ngC
umul
ativ
e %
of S
F E
xpiri
ng
0%10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
012
Nov
200
5N
ov 2
006
Nov
200
7N
ov 2
008
Nov
200
9N
ov 2
010
Nov
201
1N
ov 2
012
Nov
201
3N
ov 2
014
Total Project Square FootageNumber of Tenants
16%
23%
21%
7%
25%
9%
0%0%
0%0%
For T
he Y
ear B
egin
ning
Year
1N
ov 2
005
Year
2N
ov 2
006
Year
3N
ov 2
007
Year
4N
ov 2
008
Year
5N
ov 2
009
Year
6N
ov 2
010
Year
7N
ov 2
011
Year
8N
ov 2
012
Year
9N
ov 2
013
Year
10
Nov
201
4
Tena
nt(s
) Nam
eE
lite
Kar
ate
*P
Izza
Hut
Ava
lon
Hai
rS
uppl
yH
eath
er S
tolle
Thai
Pal
ace
Dan
ce M
ater
ial
**B
icyc
le H
eave
nG
uerr
o's
Qui
zno'
s
Tota
l Num
ber o
f Ten
ants
22
11
21
00
00
Tota
l Squ
are
Feet
3,34
24,
797
4,37
61,
500
5,27
31,
816
00
00
Tota
l Per
cent
age
15.8
%22
.7 %
20.7
%7.
1 %
25.0
%8.
6 %
0.0
%0.
0 %
0.0
%0.
0 %
Cum
ulat
ive
Perc
enta
ge15
.8 %
38.6
%59
.3 %
66.4
%91
.4 %
100.
0 %
100.
0 %
100.
0 %
100.
0 %
100.
0 %
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
88
PRO
PER
TYD
ESC
RIP
TIO
N
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
Loca
tion
Hig
hlig
hts
• P
ositi
oned
in C
entra
l Ret
ail A
rea
of S
tone
Oak
• $1
06,9
43 A
vera
ge H
ouse
hold
Inco
me
in T
hree
Mile
Rad
ius
• S
urro
unde
d B
y N
ew D
evel
opm
ent
• S
trong
Pop
ulat
ion
Gro
wth
The
Sto
nehu
e C
ente
r is
loca
ted
in t
he m
aste
r pl
anne
d co
mm
unity
of
Sto
ne O
ak in
the
far n
orth
sub
mar
ket o
f San
Ant
onio
. S
ince
199
0, th
e
tota
l hou
seho
lds
in S
tone
Oak
hav
e in
crea
sed
by o
ver 4
00 p
erce
nt.
It
is th
e se
cond
mos
t affl
uent
are
a of
San
Ant
onio
, boa
stin
g an
ave
rage
hous
ehol
d in
com
e of
$10
2,33
1.
San
Ant
onio
, the
eig
hth
larg
est c
ity in
Am
eric
a, is
als
o th
e th
ird fa
stes
t
grow
ing
city
in th
e na
tion
and
the
fast
est g
row
ing
city
in T
exas
.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
810
THE
OFF
ERIN
G
SITE
DES
CR
IPTI
ON
INTE
RIO
R D
ETA
IL
CO
NST
RU
CTI
ON
MEC
HA
NIC
AL
Pro
perty
Ston
ehue
Cen
ter
Pro
perty
Add
ress
2032
3 H
uebn
er R
oad
San
Ant
onio
, TX
782
58
Ass
esso
r's P
arce
l Num
ber
1922
1011
0010
Zoni
ngC
2
Num
ber o
f Sto
ries
1Y
ear B
uilt
2001
Bui
ldin
g A
rea
21,5
06 S
FLo
t Siz
e2.
49 A
cres
Type
of O
wne
rshi
pFe
e Si
mpl
eP
arki
ng11
0
Park
ing
Rat
io5
to 1
000
SF
Cei
lings
Susp
ende
d C
eilin
g
Floo
r Cov
erin
gsVa
rious
Res
t Roo
ms
Each
Uni
t
Foun
datio
nSl
abFr
amin
gM
etal
Ext
erio
rTi
lt W
all
Par
king
Sur
face
Asph
alt
Roo
fB
uilt
Up
Roo
f
Land
scap
ing
Min
imal
Topo
grap
hyS
light
Slo
pe
HV
AC
Each
Uni
t
Fire
Pro
tect
ion
No
Util
ities
Sep
erat
ely
Met
ered
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
811
Feat
ures
Con
stru
ctio
n
• C
lass
A C
onst
ruct
ion
- Bui
lt in
200
1
• L-
shap
e C
ente
r with
Goo
d V
isib
ility
• G
lass
Sto
re F
ront
age
With
Alu
min
um F
ram
es
• A
ttrac
tive
Con
stru
ctio
n A
nd A
ccen
ts
• C
hann
el L
ette
r Sig
nage
• W
ell M
aint
aine
d Fa
cilit
y A
nd L
ands
capi
ng
• C
urbe
d A
spha
lt A
nd C
oncr
ete
Par
king
Lot
With
Am
ple
Spa
ces
• A
cces
s Fr
om T
wo
Stre
ets
on C
orne
r
• C
over
ed S
idew
alk
of E
ntire
Sto
re F
ront
age
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
812
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
813
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
814
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
815
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
816
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
817
REC
ENT
SALE
S
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
The
subj
ect p
rope
rty, p
ositi
oned
with
in th
e S
tone
Oak
sub
mar
ket,
is c
urre
ntly
gen
erat
ing
a sa
les
pric
e of
$21
0.41
per
squ
are
foot
, ref
lect
ing
the
stre
ngth
of
its te
nant
bas
e, lo
ng-te
rm s
tabi
lity,
and
favo
rabl
e lo
catio
n.
In c
ompa
ring
the
subj
ect p
rope
rty’s
indi
ces
to th
at o
f com
para
ble
prop
ertie
s th
at h
ave
rece
ntly
sol
d or
are
cur
rent
ly o
n th
e m
arke
t, th
e su
bjec
t pro
perty
is
pric
ed a
t mar
ket.
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Sto
nehu
eC
ente
r1
23
45
67
Aver
age
CAP
CAP
Avg
7.9
%
$0$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$220
$240
$260
$280
$300
$320
$340
Sto
nehu
eC
ente
r1
23
45
67
Ave
rage
Pric
e P
er S
F
Price/SF
Avg
$24
9
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
819
Ston
ehue
Cen
ter
2032
3 H
uebn
er R
oad
San
Ant
onio
, TX
782
58
Clo
sing
Dat
e:O
n M
arke
t
Year
Bui
lt:20
01
GLA
:21
,506
SF
Ston
e O
ak C
ross
ing
1914
1 S
tone
Oak
Par
kway
San
Ant
onio
, TX
782
58
Shav
ano
Squa
re
4415
Dez
aval
a R
oad
San
Ant
onio
, TX
782
49
Clo
sing
Dat
e:D
ecem
ber
Year
Bui
lt:20
03
GLA
:35
,516
SF
Clo
sing
Dat
e:Ju
ly 2
005
Year
Bui
lt:19
83
GLA
:25
,070
SF
Subj
ect
1 2
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$4,5
25,0
007.
52%
$210
.41
25.0
%
Maj
or T
enan
ts:
Thai
Pal
ace,
Qui
zno'
s S
ubs,
Bic
ycle
Hea
ven,
Piz
za H
ut, H
air &
Nai
l Sal
on
Maj
or T
enan
ts:
Cie
lito
Lind
o R
esta
uran
t, Fi
reho
use
Sub
s, T
rilog
y P
izza
& W
ine,
Le P
eep,
Roo
ster
s B
arbe
r Sho
p, C
ross
-Eye
d S
eagu
ll
Maj
or T
enan
ts:
Alls
tate
Insu
ranc
e, A
nn's
Nai
ls, C
urve
s fo
r Wom
en, E
bay
Sto
re,
Pro
Cut
s, R
eal E
stat
e O
ffice
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$7,8
50,0
008.
08%
$221
.03
25%
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$4,7
00,0
008.
06%
$187
.00
25%
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
820
Aus
tin H
ighw
ay R
etai
l Cen
ter
1432
Aus
tin H
ighw
ay
San
Ant
onio
, TX
782
09
Clo
sing
Dat
e:S
epte
mbe
r
Year
Bui
lt:20
04
GLA
:26
,600
SF
Com
men
ts/T
erm
s:Th
is is
a W
al-M
art S
uper
Cen
ter s
hado
w s
hopp
ing
cent
er.
Com
men
ts/T
erm
s:S
elle
r gua
rant
eed
inco
me
on v
acan
t spa
ce fo
r 6 m
onth
s af
ter s
ale.
1464
Aus
tin H
ighw
ay
San
Ant
onio
, TX
782
09
Clo
sing
Dat
e:Ja
nuar
y 20
05
Year
Bui
lt:20
04
GLA
:10
,961
SF
4 5
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$6,1
50,0
008.
30%
$231
.20
100%
Maj
or T
enan
ts:
Mat
tress
Firm
, Gre
at C
lips,
Gam
e S
top,
Spr
int S
tore
, Pay
less
Sho
eSou
rce,
Qui
zno'
s S
ubs
Maj
or T
enan
ts:
T-M
obile
, EZM
oney
Pay
day
Loan
s, S
ubw
ay
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$2,6
75,0
008.
63%
$244
.05
26%
3 Com
men
ts/T
erm
s:Th
is is
an
HE
B a
ncho
red
shop
ping
cen
ter.
Maj
or T
enan
ts:
UP
S S
tore
, Fan
tast
ic S
ams,
Com
et C
lean
ers,
Alls
tate
Insu
ranc
e,E
ncin
o P
ark
Vet
erin
ary
Clin
ic, L
iquo
r Wor
ld
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$2,7
50,0
008.
00%
$247
.75
100%
Enci
no P
ark
Shop
ping
Cen
ter
2077
0 H
ighw
ay 2
81 N
orth
San
Ant
onio
, TX
782
58
Clo
sing
Dat
e:D
ecem
ber
Year
Bui
lt:19
98
GLA
:11
,100
SF
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
821
7Sh
ops
on H
owar
d La
ne
1116
How
ard
Lane
Aus
tin, T
X 7
8753
Clo
sing
Dat
e:O
ctob
er 2
004
Year
Bui
lt:
GLA
:29
,508
SF
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$7,8
00,0
007.
00%
$264
.34
100%
Maj
or T
enan
ts:
Che
veau
x S
alon
, Mex
ican
Gril
l & B
ar, N
exte
l, Fa
shio
n C
lean
ers,
Nai
ls &
Day
Spa
6Vi
ntag
e Pl
aza
at L
a Fr
onte
ra
2711
La
Fron
tera
Bou
leva
rd
Rou
nd R
ock,
TX
786
81
Sale
s Pr
ice/
Dow
nC
AP
Rat
ePr
ice/
SF(G
LA)
$14,
100,
000
7.03
%$3
47.3
225
%C
losi
ng D
ate:
On
Mar
ket
Year
Bui
lt:20
04
GLA
:40
,597
SF
Maj
or T
enan
ts:
Ban
k O
ne, T
wee
ter,
Cap
ital C
ity C
offe
e, Q
uizn
o's
Sub
s, F
ashi
onC
lean
ers,
Ben
& J
erry
's
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
822
Sub
ject
Pro
perty
1) S
tone
Oak
Cro
ssin
g2)
Sha
vano
Squ
are
3) E
ncin
o P
ark
Sho
ppin
g C
ente
r4)
Aus
tin H
ighw
ay R
etai
l Cen
ter
5) 1
464
Aus
tin H
ighw
ay6)
Vin
tage
Pla
za a
t La
Fron
tera
7) S
hops
on
How
ard
Lane
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
823
REN
TC
OM
PAR
AB
LES
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
Cur
rent
ly, t
he s
ubje
ct p
rope
rty h
as a
n oc
cupa
ncy
of 1
00 p
erce
nt.
With
an
aver
age
aski
ng re
nt o
f $17
.35
per s
quar
e fo
ot, t
he s
ubje
ct p
rope
rty is
pric
ed
belo
w a
maj
ority
of o
ther
reta
il pr
oper
ties
in th
e ar
ea.
The
maj
ority
of t
he s
ubje
ct p
rope
rty’s
tena
nt b
ase
cons
ists
of l
ocal
tena
nts.
The
Blan
co C
ross
ing
Shop
ping
Cen
ter,
loca
ted
at th
e in
ters
ectio
n of
Bla
nco
Roa
d an
d H
uebn
er R
oad,
is th
e m
ost c
ompa
rabl
e to
the
subj
ect p
rope
rty in
term
s of
siz
e an
d av
erag
e as
king
rent
.
0102030405060708090100
Sto
nehu
eC
ente
r1
23
45
Ave
rage
Occ
upan
cy
Avg
95%
0.00
3.00
6.00
9.00
12.0
0
15.0
0
18.0
0
21.0
0
Sto
nehu
eC
ente
r1
23
5
Ave
rage
Ren
t/SF
Avg
$20
.75
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
825
Ston
ehue
Cen
ter
2032
3 H
uebn
er R
oad
San
Ant
onio
, TX
782
58
Dat
e S
urve
yed:
9/20
05
Occ
upan
cy:
100%
Year
Bui
lt:20
01
Com
men
ts/T
erm
s:G
reat
Loc
atio
n bu
t poo
r vis
ibili
ty.
Bla
nco
Cro
ssin
g
1917
9 B
lanc
o R
oad
San
Ant
onio
, TX
782
58
Ston
e O
ak S
quar
e
1920
2 S
tone
Oak
Par
kway
San
Ant
onio
, TX
782
58
Dat
e S
urve
yed:
9/20
05
Occ
upan
cy:
89%
Year
Bui
lt:20
02
Dat
e S
urve
yed:
9/20
05
Occ
upan
cy:
100%
Year
Bui
lt:19
99
Subj
ect
1 2
GLA
(SF)
Ren
t/SF
(GLA
)A
vaila
ble
SFLe
ase
Type
21,5
06$1
4.67
-$19
.84
0N
NN
Maj
or T
enan
ts:
Thai
Pal
ace,
Qui
zno'
s S
ubs,
Bic
ycle
Hea
ven,
Piz
za H
ut, H
air &
Nai
l Sal
on
Maj
or T
enan
ts:
Sak
e C
afe
& S
ushi
Bar
, Ken
nedy
's, C
urve
's fo
r Wom
en, P
ride
Cle
aner
s, F
ashi
on N
ails
, Liq
uor S
tore
Maj
or T
enan
ts:
Vill
age
Gou
rmet
Gril
l & B
aker
y, L
ittle
Cea
sars
, Dog
gie
Doo
z,V
isio
n S
ourc
e, L
iqou
r Wor
ld, S
ubw
ay
GLA
(SF)
Ren
t/SF
(GLA
)A
vaila
ble
SFLe
ase
Type
22,4
65$2
0.00
2,55
2N
NN
GLA
(SF)
Ren
t/SF
(GLA
)A
vaila
ble
SFLe
ase
Type
16,3
44$1
9.00
0N
NN
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
826
1919
0 S
tone
Oak
Par
kway
San
Ant
onio
, TX
782
58
Dat
e S
urve
yed:
9/20
05
Occ
upan
cy:
100%
Year
Bui
lt:19
99
Bla
nco
Mar
ket
1055
Nor
th L
oop
1604
Wes
t
San
Ant
onio
, TX
782
58
Dat
e S
urve
yed:
9/20
05
Occ
upan
cy:
98%
Year
Bui
lt:20
00
4 5
GLA
(SF)
Ren
t/SF
(GLA
)A
vaila
ble
SFLe
ase
Type
12,7
80N
/A0
NN
N
Maj
or T
enan
ts:
Sla
ter W
hite
Cle
aner
s, O
ptom
etris
t, Fa
mily
Den
tistry
, Sto
ne O
akFl
oris
t, S
tate
Far
m In
sura
nce,
Ren
nert
Cru
ise
& T
our
Maj
or T
enan
ts:
Tues
day
Mor
ning
, Nat
iona
l Fur
nitu
re, E
Z's
Piz
za, P
ilgrim
Cle
aner
s, G
reat
Clip
s, G
NC
GLA
(SF)
Ren
t/SF
(GLA
)A
vaila
ble
SFLe
ase
Type
145,
000
$22.
00-$
24.0
03,
740
NN
N
3St
one
Oak
Cro
ssin
g
1914
1 S
tone
Oak
Par
kway
San
Ant
onio
, TX
782
58
GLA
(SF)
Ren
t/SF
(GLA
)A
vaila
ble
SFLe
ase
Type
35,5
16$2
1.00
3,50
0N
NN
Dat
e S
urve
yed:
9/20
05
Occ
upan
cy:
90%
Year
Bui
lt:20
04M
ajor
Ten
ants
:C
ielit
o Li
ndo
Res
taur
ant,
Fire
hous
e S
ubs,
Tril
ogy
Piz
za a
ndW
ine,
Le
Pee
p, R
oost
er's
Bar
ber S
hop,
Cro
ss-E
yed
Sea
gull
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
827
Sub
ject
Pro
perty
1) B
lanc
o C
ross
ing
2) S
tone
Oak
Squ
are
3) S
tone
Oak
Cro
ssin
g4)
191
90 S
tone
Oak
Par
kway
5) B
lanc
o M
arke
t
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
828
MA
RK
ETO
VER
VIEW
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
Geo
grap
hyTh
eS
anA
nton
ioM
SA
span
san
eigh
t-cou
nty
area
inso
uth
cent
ralT
exas
.The
bulk
of
the
popu
latio
nre
side
sw
ithin
Bex
arco
unty
;ho
wev
er,
Com
al,
Gua
dalu
pean
dW
ilson
coun
ties
have
been
maj
orav
enue
sof
grow
thfo
rth
eM
SA
.Th
ear
eaco
vers
an
enor
mou
sla
ndm
ass
of3,
356
squa
rem
iles
and
isst
rate
gica
llylo
cate
dal
ong
the
I-35
corr
idor
,the
fast
est-g
row
ing
regi
onin
the
stat
e.S
anA
nton
io’s
loca
tion
prov
ides
fore
asy
acce
ss to
oth
er m
ajor
pop
ulat
ion
cent
ers
in T
exas
and
to M
exic
o.
Mar
ket H
ighl
ight
sSt
rong
pop
ulat
ion
grow
th•
San
Ant
onio
’spo
pula
tion
ispr
ojec
ted
togr
owby
11pe
rcen
tov
erth
e
next
five
yea
rs.
Hig
h le
vels
of j
ob c
reat
ion
•Jo
bgr
owth
inS
anA
nton
iow
illav
erag
e4.
4pe
rcen
tpe
rye
arbe
twee
n
2004
and
200
7.
Low
cos
t of l
ivin
g
•S
anA
nton
iore
side
nts
enjo
ya
cost
ofliv
ing
that
is5
perc
entb
elow
the
natio
nal a
vera
ge.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
830
Citi
esTh
eS
anA
nton
ioM
SA
span
sei
ght
coun
ties
–A
tasc
osa,
Ban
dera
,B
exar
,C
omal
,
Gua
dalu
pe,K
enda
ll,M
edin
aan
dW
ilson
.The
rear
esi
xin
corp
orat
edci
ties
and
tow
nsw
ithin
the
MS
Ath
atha
vepo
pula
tions
grea
ter
than
10,0
00re
side
nts.
Inab
solu
tenu
mbe
rs,
San
Ant
onio
eclip
ses
allo
ther
loca
lciti
esin
term
sof
popu
latio
n.O
ver
the
next
deca
de,s
trong
grow
this
antic
ipat
edin
Sch
ertz
,B
oern
e,H
elot
esan
dth
ear
eapa
ralle
lto
Hig
hway
281
north
of F
M 1
604.
Infr
astr
uctu
reId
eally
loca
ted
inso
uth
cent
ralT
exas
,San
Ant
onio
serv
esas
am
ajor
gate
way
betw
een
the
Uni
ted
Sta
tes
and
Mex
ico.
Situ
ated
only
150
mile
sfro
mLa
redo
,S
anA
nton
iois
anea
sy
driv
eal
ong
Inte
rsta
te35
from
the
bord
er.T
hear
eais
furth
eren
hanc
edby
atra
nspo
rtatio
n
netw
ork
that
prov
ides
am
yria
dof
ship
ping
optio
nsto
dom
estic
and
inte
rnat
iona
l
busi
ness
es.
Furth
erbo
lste
ring
San
Ant
onio
’stra
deis
the
air
carg
oco
mpo
nent
ofth
ein
tern
atio
nal
airp
ort,
whi
chco
nsis
tsof
two
Fore
ign
Trad
eZo
nes
(FTZ
).A
irC
argo
Eas
tfea
ture
s99
,000
squa
refe
etof
war
ehou
sesp
ace
with
1.5
mill
ion
squa
refe
etof
airc
raft
apro
n.A
irC
argo
Wes
tpro
vide
san
addi
tiona
l65,
300
squa
refe
etof
war
ehou
sesp
ace
and
248,
140
squa
re
feet
ofai
rcra
ftap
ron.
Thes
efa
cilit
ies
allo
wfo
rth
etra
nspo
rtatio
nof
near
ly10
0m
illio
n
poun
ds o
f car
go p
er y
ear.
San
Anto
nio
1,20
9,00
0S
cher
tz20
,000
New
Bra
unfe
ls41
,000
Uni
vers
al C
ity15
,000
Segu
in23
,000
Con
vers
e13
,000
2003
est
imat
e
Larg
est C
ities
: San
Ant
onio
MSA
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
1 In
tern
atio
nal A
irpor
t
•Tw
o Fo
reig
n Tr
ade
Zone
s fo
r air
carg
o
•24
8 co
mm
erci
al fl
ight
s pe
r day
•14
com
mer
cial
and
10
carg
o se
rvic
e pr
ovid
ers
4 In
ters
tate
Fre
eway
s•
I-10,
I-41
0, I-
37 a
nd I-
35
3 R
ailro
ads
•Bu
rling
ton
Nor
ther
n Sa
nta
Fe, U
nion
Pac
ific
and
Am
trak
San
Ant
onio
is:
•80
mile
s fro
m A
ustin
•19
7 m
iles
from
Hou
ston
•27
5 m
iles
from
Dal
las
•46
7 m
iles
from
Okl
ahom
a C
ity
M50
8001
831
Econ
omy
San
Ant
onio
’sec
onom
yis
anch
ored
byfo
urm
ain
indu
strie
s–
gove
rnm
ent,
educ
atio
n,he
alth
care
and
tour
ism
.Des
pite
the
impo
rtanc
eof
thes
e
indu
strie
s, S
an A
nton
io c
ontin
ues
to m
ake
grea
t stri
des
tow
ard
dive
rsifi
catio
n of
the
loca
l eco
nom
ic b
ase.
San
Ant
onio
isth
ecl
ear
lead
erin
Texa
sw
hen
itco
mes
tom
ilita
rysp
endi
ng.I
nfa
ct,t
hear
eaat
tract
sm
ore
defe
nse-
wag
edo
llars
than
any
othe
r
met
roar
eain
the
stat
e–
near
ly$2
billi
onpe
ryea
r.P
oten
tiali
nves
tors
will
also
take
note
that
San
Ant
onio
’sm
ilita
ryba
ses
are
wel
l-ins
ulat
edfro
m
the
next
roun
d of
bas
e cl
osur
es in
200
5 du
e to
thei
r stra
tegi
c or
his
toric
impo
rtanc
e.
Edu
catio
nan
dhe
alth
care
play
avi
talr
ole
inth
epr
ospe
rity
ofth
elo
cale
cono
my.
An
impo
rtant
com
pone
ntof
the
heal
thca
rein
dust
ryco
mes
from
the
Uni
vers
ityof
Texa
s–
San
Ant
onio
Hea
lthS
cien
ceC
ente
r.In
2003
,the
cent
erre
porte
da
reco
rdin
crea
sein
rese
arch
fund
ing,
whi
chbr
ough
tthe
tota
lbud
gett
o$1
89m
illio
n.Th
isin
crea
se,c
oupl
edw
ith$1
58m
illio
nof
new
faci
litie
s,w
illcr
eate
ahu
bof
biot
echn
olog
yre
sear
chth
atw
illpl
ace
San
Ant
onio
on
the
cutti
ng-e
dge
of re
sear
ch a
nd d
evel
opm
ent.
As
the
mos
t-vis
ited
city
inTe
xas,
trave
land
tour
ism
rem
ains
ake
yco
mpo
nent
inth
eS
anA
nton
ioec
onom
y.Th
eev
ents
of20
01to
okth
eirt
ollo
n
tour
ism
inS
anA
nton
io.H
owev
er,r
ecen
teffo
rtsby
the
Con
vent
ion
and
Vis
itors
Bur
eau,
and
age
nera
leco
nom
icre
cove
ryar
ere
vers
ing
decl
ines
in
this
indu
stry
.Atu
rnar
ound
inth
eM
exic
anec
onom
yw
illal
sogr
eatly
bene
fitS
anA
nton
ioas
this
area
isa
maj
orre
crea
tiona
land
reta
ilde
stin
atio
n
for M
exic
an c
itize
ns.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
832
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
Labo
rS
anA
nton
iobo
asts
ala
rge,
wel
l-edu
cate
dw
ork
forc
e.N
early
52pe
rcen
toft
hela
bor
forc
e
has
som
eco
llege
educ
atio
n.Th
isfa
ctha
sm
ade
the
area
attra
ctiv
eto
busi
ness
esse
ekin
gto
take
adva
ntag
eof
low
erco
sts
ofliv
ing
and
doin
gbu
sine
ss.O
vert
helo
ng-te
rm,S
anA
nton
io
stan
dsto
bene
fitgr
eatly
from
the
low
erco
stst
ruct
ure
and
mig
ratio
nin
the
Uni
ted
Sta
tes
from
north
ern
to s
outh
ern
met
ro a
reas
.
San
Ant
onio
’sla
borf
orce
isw
ellb
alan
ced
acro
ssa
varie
tyof
indu
strie
s.Th
ele
adin
gse
ctor
is
gove
rnm
ent
with
anem
phas
ison
milit
ary
empl
oym
ent
–bo
thac
tive
and
civi
lian.
Ove
rall,
near
ly19
perc
ento
fthe
labo
rfor
ceis
empl
oyed
inth
isse
ctor
.Thi
sdo
espo
seso
me
elem
ent
ofris
kgi
ven
the
mili
tary
’spl
ans
tost
ream
line
oper
atio
ns.
How
ever
,S
anA
nton
iois
wel
l
insu
late
d fro
m th
is p
heno
men
on fo
r now
.
Edu
catio
nan
dhe
alth
serv
ices
acco
unt
for
the
next
larg
est
shar
eof
San
Ant
onio
wor
kers
.
This
sect
oris
heav
ilyin
fluen
ced
byth
eU
nive
rsity
ofTe
xas
syst
em.
How
ever
,su
bsta
ntia
l
empl
oym
ent
isfo
und
outs
ide
ofhi
gher
educ
atio
n.N
etof
univ
ersi
tyan
dm
ilita
ryin
vest
men
t,
the
priv
ate
heal
thca
rese
ctor
cont
ribut
esan
estim
ated
$11
billi
onto
the
loca
lec
onom
y.
Furth
erm
ore,
this
sect
oris
fore
cast
tobe
one
ofth
ele
adin
gso
urce
sof
job
crea
tion
over
the
next
five
yea
rs.
The
leis
ure
and
hosp
italit
yse
ctor
play
sa
cruc
ial
role
inth
eem
ploy
men
tof
over
85,0
00
resi
dent
s.To
uris
min
San
Ant
onio
isre
late
dno
tonl
yto
the
larg
erna
tiona
leco
nom
y,bu
tals
o
toth
eM
exic
anec
onom
y.In
fact
,S
anA
nton
iois
the
only
non-
bord
erto
wn
inth
eU
nite
d
Sta
tes
to h
ave
such
a c
orre
latio
n.
The
long
-term
pros
pect
sfo
rth
eS
anA
nton
iola
bor
forc
eca
llfo
rsu
stai
ned
grow
thth
atw
ill
cont
inue
toat
tract
empl
oyer
sdu
eto
the
favo
rabl
eco
stst
ruct
ure
and
abun
danc
eof
skille
d
wor
kers
.
M50
8001
833
Empl
oyer
sW
itha
conc
entra
tion
inm
ilita
ry,
gove
rnm
ent
and
heal
thca
re,
itst
ands
tore
ason
that
thes
ew
ould
repr
esen
tth
ela
rges
tem
ploy
ers
inth
ear
ea.
How
ever
,th
issh
ould
not
over
shad
owth
est
rong
,di
vers
epr
ivat
ese
ctor
that
fost
ers
the
loca
leco
nom
y.M
ajor
corp
orat
ehe
adqu
arte
rsca
llS
an
Ant
onio
hom
e.U
nite
dS
ervi
ceA
utom
obile
Ass
ocia
tion
(US
AA
),w
hich
prov
ides
insu
ranc
epr
oduc
ts,e
mpl
oys
15,0
00.R
egio
nalg
roce
rygi
antH
.E.B
.
Food
Sto
res
also
prov
ides
ast
able
sour
ceof
thou
sand
sof
jobs
inth
ear
ea.S
outh
wes
tRes
earc
hIn
stitu
tefil
lsan
impo
rtant
nich
ein
San
Ant
onio
.
With
tota
lem
ploy
men
tof
near
ly3,
000,
this
firm
brin
gsa
host
ofup
per-
and
mid
dle-
inco
me
jobs
that
enha
nce
the
pros
perit
yan
dst
abili
tyof
the
regi
on.
Fortu
ne50
0po
wer
hous
eS
BC
Com
mun
icat
ions
brin
gs6,
700
jobs
toS
anA
nton
io.
Des
pite
SB
C’s
pres
ence
,S
anA
nton
ioha
sst
rugg
led
som
ewha
tin
crea
ting
ahi
gh-te
chjo
bba
se.S
ony
and
Phi
llips
both
anno
unce
dm
ajor
layo
ffsin
the
sprin
gof
2004
,whi
chha
ssi
gnifi
cant
lyhu
rtth
e
loca
l sem
i-con
duct
or m
anuf
actu
ring
busi
ness
.
The
heal
thca
rein
dust
ryro
unds
outt
hem
ajor
ityof
the
top
20em
ploy
ers
inS
anA
nton
io.T
hele
ader
inhe
alth
care
empl
oym
enti
sM
etho
dist
Hea
lth
Car
e S
yste
m w
ith 7
,751
em
ploy
ees.
The
bigg
est
econ
omic
deve
lopm
ent
coup
inre
cent
mon
ths
has
invo
lved
Toyo
ta.W
hile
noty
etin
clud
edam
ong
the
top
20em
ploy
ers,
Toyo
tais
expe
cted
tobr
ing
thou
sand
sof
jobs
both
thro
ugh
dire
ctem
ploy
men
tan
dits
supp
liers
,w
hich
will
inev
itabl
ylo
cate
near
the
new
Toyo
tafa
cilit
y.
Pro
duct
ion
at th
e pl
ant i
s ex
pect
ed to
beg
in in
200
6.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
Top
10 E
mpl
oyer
s
Fort
Sam
Hou
ston
24,2
86
Lack
land
Air
Forc
e B
ase
16,7
78
USA
A In
sura
nce
Com
pany
14,9
55
H.E
.B. F
ood
Sto
res
10,4
69R
ando
lph
Air F
orce
Bas
e8,
976
Met
hodi
st H
ealth
Car
e S
yste
m7,
751
SB
C C
omm
unic
atio
ns6,
700
Uni
vers
ity o
f Tex
as H
ealth
Sci
ence
Cen
ter
4,67
5B
aptis
t Hea
lth S
yste
m4,
225
Uni
vers
ity H
ealth
Sys
tem
4,21
7
M50
8001
834
Dem
ogra
phic
sS
anA
nton
io’s
popu
latio
nw
illco
ntin
ueto
reco
rdsi
zabl
ega
ins
over
the
next
five
year
s.In
abso
lute
num
bers
,the
next
five
year
sw
illse
eth
ead
ditio
n
of15
0,00
0to
200,
000
resi
dent
sth
roug
ha
com
bina
tion
ofm
igra
tion
and
natu
rali
ncre
ase.
Ove
rthe
fore
cast
perio
d,S
anA
nton
iois
expe
cted
tone
t
anav
erag
eof
21,0
00re
side
nts
pery
eart
hrou
ghm
igra
tion.
Nat
ural
incr
ease
sw
illac
coun
tfor
upto
anad
ditio
nal2
0,00
0pe
ryea
r.B
exar
coun
tyw
ill
cont
inue
toex
perie
nce
the
grea
test
tota
linc
reas
e,w
hile
Com
alC
ount
yw
illbe
the
lead
erin
perc
enta
gegr
owth
.Ove
rth
epa
st10
year
s,C
omal
coun
ty h
as re
gist
ered
gro
wth
of n
early
60
perc
ent.
Are
are
side
nts
are
rela
tivel
yyo
ung
with
am
edia
nag
eof
33.6
year
s.Th
isis
due
inla
rge
part
toa
stro
ngm
ilita
rypr
esen
ceas
wel
las
high
er
educ
atio
n.Th
roug
h20
08,t
henu
mbe
rofh
ouse
hold
sis
expe
cted
toin
crea
seby
10pe
rcen
twhi
leth
elo
calp
opul
atio
nw
illin
crea
seby
appr
oxim
atel
y
9 pe
rcen
t. Th
is tr
end
will
con
tinue
to s
uppo
rt a
robu
st re
side
ntia
l con
stru
ctio
n m
arke
t, bo
th s
ingl
e- a
nd m
ulti-
fam
ily.
Med
ian
hous
ehol
din
com
ein
the
San
Ant
onio
MS
Ais
$41,
721,
com
pare
dto
$45,
128
natio
nally
.Inc
ome
trend
sin
the
met
roar
eaill
ustra
tegr
owth
acce
lera
tion
that
will
supp
ort
cons
umer
expe
nditu
res
inS
anA
nton
io.
Afte
rfa
lterin
gin
2002
and
2003
,pe
rson
alin
com
egr
owth
will
regi
ster
incr
ease
s of
3.7
per
cent
and
4.8
per
cent
in 2
004
and
2005
, res
pect
ivel
y.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
835
Qua
lity
of L
ifeW
ithov
er30
0da
ysof
suns
hine
annu
ally
and
anav
erag
ete
mpe
ratu
reof
68.8
degr
ees,
San
Ant
onio
’sm
ildcl
imat
em
akes
itea
syto
enjo
yth
enu
mer
ous
outd
oor
activ
ities
avai
labl
ein
the
regi
on,w
hich
incl
ude
golfi
ng(m
ore
than
50co
urse
s)or
spen
ding
time
inon
eof
seve
ralc
ity-
owne
dpa
rks,
such
asB
reck
enrid
geP
ark
(343
acre
s)or
Frie
dric
hW
ilder
ness
Par
k(2
32
acre
s).
His
tory
abou
nds
insu
chpl
aces
asLa
Villi
ta,t
heS
pani
shG
over
nor’s
Pal
ace,
San
Fern
ando
Cat
hedr
al,
Jose
Ant
onio
Nav
arro
Sta
teH
isto
rical
Par
kan
dM
issi
onS
anA
nton
iode
Val
ero,
mor
eco
mm
only
know
asTh
eA
lam
o.Tr
aditi
onbl
ends
with
mor
em
oder
nat
tract
ions
such
as
the
Pas
eode
lR
io.
Bet
ter
know
nas
the
Riv
erW
alk,
this
urba
noa
sis
stre
tche
s2.
5m
iles,
prov
idin
g se
clud
ed a
reas
as
wel
l as
cafe
s, n
ight
club
s an
d ho
tels
.
Loca
lsan
dto
uris
tsal
ike
enjo
yth
eth
eme
park
sin
San
Ant
onio
,whi
chin
clud
eS
eaW
orld
San
Ant
onio
,the
wor
ld’s
larg
estm
arin
elif
epa
rk,a
ndS
ixFl
ags
Fies
taTe
xas.
Inad
ditio
n,th
eci
tyis
hom
eto
num
erou
ssp
ortin
gev
ents
.Loc
alte
ams
incl
ude
the
NB
AS
anA
nton
ioS
purs
,WN
BA
San
Ant
onio
Silv
er S
tars
and
the
Mis
sion
s, a
Dou
ble
A b
aseb
all t
eam
.
Arti
stic
appr
ecia
tion
abou
nds
inS
anA
nton
io’s
mus
eum
san
dcu
ltura
lce
nter
s.M
cNay
Art
Mus
eum
and
the
San
Ant
onio
Mus
eum
of A
rt di
spla
y a
wid
e va
riety
of
wor
ks.
Nea
rby
Texa
sH
illC
ount
rypr
ovid
esa
limitl
ess
arra
yof
outd
oor
oppo
rtuni
ties
incl
udin
g
hunt
ing,
fish
ing,
hor
seba
ck ri
ding
, can
oein
g, tu
bing
, raf
ting,
wat
er s
kiin
g an
d sa
iling
.
The
broa
dm
ixof
lifes
tyle
optio
ns,t
oget
herw
itha
low
cost
ofliv
ing
and
stro
ngjo
bgr
owth
,will
cont
inue
to a
ttrac
t res
iden
ts to
the
San
Ant
onio
met
ro a
rea.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
836
DEM
OG
RA
PHIC
AN
ALY
SIS
STO
NEH
UE
CEN
TER
San
Ant
onio
,TX
Num
ber o
f peo
ple
livin
g in
a g
iven
are
a pe
r squ
are
mile
.
Dem
ogra
phic
dat
a ©
200
5 by
Exp
eria
n/A
pplie
d G
eogr
aphi
c S
olut
ions
.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
838
The
num
ber o
f peo
ple
empl
oyed
in a
giv
en a
rea
per s
quar
e m
ile.
Dem
ogra
phic
dat
a ©
200
5 by
Exp
eria
n/A
pplie
d G
eogr
aphi
c S
olut
ions
.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
839
Ave
rage
inco
me
of a
ll th
e pe
ople
15
year
s an
d ol
der
occu
pyin
g a
sing
le h
ousi
ng u
nit.
Dem
ogra
phic
dat
a ©
200
5 by
Exp
eria
n/A
pplie
d G
eogr
aphi
c S
olut
ions
.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
840
Tw
o-w
ay, a
vera
ge d
aily
traf
fic v
olum
es.
Traf
fic C
ount
dat
a ©
200
5 by
GD
T. A
ll rig
hts
rese
rved
.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
M50
8001
841
Geo
grap
hy: 5
Mile
sPo
pula
tion
In20
04,t
hepo
pula
tion
inyo
urse
lect
edge
ogra
phy
is11
3,34
8.Th
epo
pula
tion
has
chan
ged
by20
.78%
sinc
e20
00.I
tis
estim
ated
that
the
popu
latio
nin
your
area
will
be13
4,37
1fiv
eye
ars
from
now
,whi
chre
pres
ents
ach
ange
of18
.55%
from
the
curr
enty
ear.
The
curr
entp
opul
atio
nis
48.8
3%m
ale
and
51.1
7%fe
mal
e.Th
em
edia
nag
eof
the
popu
latio
nin
your
are
a is
37.
0, c
ompa
re th
is to
the
US
ave
rage
whi
ch is
36.
2. T
he p
opul
atio
n de
nsity
in y
our a
rea
is 1
,443
.19
peop
le p
er s
quar
e m
ile.
Hou
seho
lds
Ther
ear
ecu
rren
tly44
,894
hous
ehol
dsin
your
sele
cted
geog
raph
y.Th
enu
mbe
rofh
ouse
hold
sha
sch
ange
dby
24.5
3%si
nce
2000
.Iti
ses
timat
edth
atth
enu
mbe
rofh
ouse
hold
sin
you
r are
a w
ill b
e 54
,862
five
yea
rs fr
om n
ow, w
hich
repr
esen
ts a
cha
nge
of 2
2.20
% fr
om th
e cu
rren
t yea
r. Th
e av
erag
e ho
useh
old
size
in y
our a
rea
is 2
.51
pers
ons.
Inco
me
In20
04,t
hem
edia
nho
useh
old
inco
me
for
your
sele
cted
geog
raph
yis
$80,
243,
com
pare
this
toth
eU
Sav
erag
ew
hich
iscu
rren
tly$4
5,66
0.Th
em
edia
nho
useh
old
inco
me
for
your
area
has
chan
ged
by9.
62%
sinc
e20
00.I
tis
estim
ated
that
the
med
ian
hous
ehol
din
com
ein
your
area
will
be$9
0,85
3fiv
eye
ars
from
now
,whi
chre
pres
ents
ach
ange
of13
.22%
from
the
curr
ent y
ear.
The
curr
ent
year
per
capi
tain
com
ein
your
area
is$3
8,65
1,co
mpa
reth
isto
the
US
aver
age,
whi
chis
$24,
583.
The
curr
ent
year
aver
age
hous
ehol
din
com
ein
your
area
is$9
7,14
9, c
ompa
re th
is to
the
US
ave
rage
whi
ch is
$63
,396
.
Rac
e &
Eth
nici
ty
The
curr
enty
earr
acia
lmak
eup
ofyo
urse
lect
edar
eais
asfo
llow
s:87
.87%
Whi
te,2
.71%
Bla
ck,0
.33%
Nat
ive
Am
eric
anan
d2.
29%
Asi
an/P
acifi
cIs
land
er.C
ompa
reth
ese
toU
Sav
erag
es w
hich
are
: 75.
05%
Whi
te, 1
2.29
% B
lack
, 0.8
9% N
ativ
e A
mer
ican
and
3.6
6% A
sian
/Pac
ific
Isla
nder
.
Peo
ple
ofH
ispa
nic
orig
inar
eco
unte
din
depe
nden
tlyof
race
.Peo
ple
ofH
ispa
nic
orig
inm
ake
up26
.06%
ofth
ecu
rren
tyea
rpop
ulat
ion
inyo
urse
lect
edar
ea.C
ompa
reth
isto
the
US
ave
rage
of 1
4.27
%.
Hou
sing
The
med
ian
hous
ing
valu
ein
your
area
was
$150
,729
in20
00,
com
pare
this
toth
eU
Sav
erag
eof
$110
,796
for
the
sam
eye
ar.I
n20
00,t
here
wer
e25
,818
owne
roc
cupi
edho
usin
g un
its in
you
r are
a an
d th
ere
wer
e 10
,233
rent
er o
ccup
ied
hous
ing
units
in y
our a
rea.
The
med
ian
rent
at t
he ti
me
was
$66
2.
Empl
oym
ent
In20
04,t
here
are
35,9
13em
ploy
ees
inyo
urse
lect
edar
ea,t
his
isal
sokn
own
asth
eda
ytim
epo
pula
tion.
The
2000
Cen
sus
reve
aled
that
84.0
%of
empl
oyee
sar
eem
ploy
edin
whi
te-c
olla
roc
cupa
tions
inth
isge
ogra
phy,
and
16.0
%ar
eem
ploy
edin
blue
-col
lar
occu
patio
ns.I
n20
04,u
nem
ploy
men
tin
this
area
is2.
43%
.In
2000
,the
med
ian
time
trave
led
to w
ork
was
23.
4 m
inut
es.
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hapDem
ogra
phic
dat
a ©
200
5 by
Exp
eria
n/A
pplie
d G
eogr
aphi
c S
olut
ions
.
M50
8001
842
1 M
iles:
3 M
iles:
5 M
iles:
Popu
latio
n19
90 P
opul
atio
n63
513
,812
52,4
9420
00 P
opul
atio
n3,
894
33,3
5793
,845
2004
Pop
ulat
ion
6,43
044
,146
113,
348
2009
Pop
ulat
ion
8,67
954
,756
134,
371
Hou
seho
lds
1990
Hou
seho
lds
203
5,04
820
,063
2000
Hou
seho
lds
1,31
512
,098
36,0
5120
04 H
ouse
hold
s2,
274
16,4
9544
,894
2009
Hou
seho
lds
3,18
321
,117
54,8
6220
04 A
vera
ge H
ouse
hold
s S
ize
2.83
2.65
2.51
Empl
oym
ent
2004
Day
time
Pop
ulat
ion
5,14
716
,067
35,9
13Su
mm
ary
Hou
sing
Info
rmat
ion
1990
Med
ian
Hou
sing
Val
ue$1
58,5
81$1
28,1
16$1
16,6
2220
00 M
edia
n H
ousi
ng V
alue
$200
,647
$167
,936
$150
,729
2000
Ow
ner O
ccup
ied
Hou
sing
Uni
ts75
.5%
74.3
%67
.6%
2000
Ren
ter O
ccup
ied
Hou
sing
Uni
ts17
.1%
18.9
%26
.8%
2000
Vac
ant
7.37
%6.
79%
5.63
%20
04 O
wne
r Occ
upie
d H
ousi
ng U
nits
76.0
%75
.8%
69.2
%20
04 R
ente
r Occ
upie
d H
ousi
ng U
nits
16.5
%17
.2%
24.9
%20
04 V
acan
t7.
46%
7.04
%5.
90%
2009
Ow
ner O
ccup
ied
Hou
sing
Uni
ts76
.8%
76.9
%70
.7%
2009
Ren
ter O
ccup
ied
Hou
sing
Uni
ts15
.9%
16.2
%23
.6%
2009
Vac
ant
7.27
%6.
92%
5.79
%20
04 H
ouse
hold
s by
Inco
me
$ 0
- $ 1
4,99
92.
3%3.
0%4.
2%$
15,0
00 -
$24,
999
5.9%
4.5%
5.1%
$ 25
,000
- $3
4,99
95.
2%5.
1%7.
0%$
35,0
00 -
$49,
999
7.1%
8.3%
10.8
%$
50,0
00 -
$74,
999
15.8
%17
.0%
18.1
%$
75,0
00 -
$99,
999
16.2
%17
.2%
17.0
%$1
00,0
00 -
$124
,999
16.0
%15
.7%
14.0
%$1
25,0
00 -
$149
,999
9.1%
10.2
%8.
6%$1
50,0
00 -
$200
,000
8.8%
9.2%
7.4%
$200
,000
to $
249,
999
4.3%
3.7%
2.8%
$250
,000
+9.
3%6.
1%5.
0%20
04 In
com
eM
edia
n H
ouse
hold
s In
com
e$9
5,58
8$9
0,99
7$8
0,24
3P
er C
apita
Inco
me
$46,
161
$40,
144
$38,
651
Ave
rage
Hou
seho
lds
Inco
me
$120
,604
$106
,943
$97,
149
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
Dem
ogra
phic
dat
a ©
200
5 by
Exp
eria
n/A
pplie
d G
eogr
aphi
c S
olut
ions
.
M50
8001
843
Rea
l est
ate
licen
see
asks
that
you
ack
now
ledg
e re
ceip
t of t
his
info
rmat
ion
abou
t bro
kera
ge s
ervi
ces
for t
he l
icen
see’
s re
cord
s.
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
____
_ B
uyer
, Sel
ler,
Land
lord
or T
enan
t
D
ate
This
info
rmat
ion
has
been
sec
ured
from
sou
rces
we
belie
ve to
be
relia
ble,
but
we
mak
e no
repr
esen
tatio
ns o
r war
rant
ies,
exp
ress
ed o
r im
plie
d, a
s to
the
accu
racy
of t
he in
form
atio
n.R
efer
ence
s to
squ
are
foot
age
or a
ge a
re a
ppro
xim
ate.
Buy
er m
ust v
erify
the
info
rmat
ion
and
bear
s al
l ris
k fo
r any
inac
cura
cies
. © 2
005
Mar
cus
& M
illic
hap
Texa
s R
eal E
stat
e B
roke
rs a
nd S
ales
pers
ons
are
licen
sed
and
regu
late
d by
the
Texa
s R
eal E
stat
e C
omm
issi
on (T
RE
C).
If yo
u ha
ve a
que
stio
nor
com
plai
nt re
gard
ing
a re
al e
stat
e lic
ense
e, y
ou s
houl
d co
ntac
t TR
EC
at P
.O. B
ox 1
2188
, Aus
tin, T
exas
787
11-2
188
or 5
12-4
65-3
960.
M50
8001
8
Bef
ore
wor
king
with
a re
al e
stat
e br
oker
, you
sho
uld
know
that
th
e du
ties
of a
bro
ker d
epen
d on
who
m th
e br
oker
repr
esen
ts.
If yo
u ar
e a
pros
pect
ive
selle
r or
la
ndlo
rd
(ow
ner)
or
a pr
ospe
ctiv
e bu
yer
or te
nant
(bu
yer),
you
sho
uld
know
that
the
brok
er w
ho li
sts
the
prop
erty
for
sal
e or
leas
e is
the
ow
ner’s
ag
ent.
A b
roke
r w
ho a
cts
as a
sub
agen
t rep
rese
nts
the
owne
r in
coo
pera
tion
with
the
listin
g br
oker
. A b
roke
r w
ho a
cts
as a
bu
yer’s
age
nt r
epre
sent
s th
e bu
yer.
A b
roke
r m
ay a
ct a
s an
in
term
edia
ry b
etw
een
the
parti
es i
f th
e pa
rties
con
sent
in
writ
ing.
A
br
oker
ca
n as
sist
yo
u in
lo
catin
g a
prop
erty
, pr
epar
ing
a co
ntra
ct o
r le
ase,
or
obta
inin
g fin
anci
ng w
ithou
t re
pres
entin
g yo
u. A
bro
ker
is o
blig
ated
by
law
to
treat
you
ho
nest
ly.
IF T
HE
BR
OK
ER
RE
PR
ES
EN
TS T
HE
OW
NE
R:
The
brok
er b
ecom
es t
he o
wne
r’s a
gent
by
ente
ring
into
an
agre
emen
t w
ith t
he o
wne
r, us
ually
thr
ough
a w
ritte
n -
listin
g ag
reem
ent,
or b
y ag
reei
ng to
act
as
a su
bage
nt b
y ac
cept
ing
an o
ffer
of s
ubag
ency
from
the
listin
g br
oker
. A s
ubag
ent m
ay
wor
k in
a
diffe
rent
re
al
esta
te
offic
e.
A
listin
g br
oker
or
su
bage
nt c
an a
ssis
t th
e bu
yer
but
does
not
rep
rese
nt t
he
buye
r an
d m
ust
plac
e th
e in
tere
sts
of t
he o
wne
r fir
st.
The
buye
r sh
ould
not
tel
l th
e ow
ner’s
age
nt a
nyth
ing
the
buye
r w
ould
not
wan
t the
ow
ner
to k
now
bec
ause
an
owne
r’s a
gent
m
ust d
iscl
ose
to th
e ow
ner
any
mat
eria
l inf
orm
atio
n kn
own
to
the
agen
t.
IF T
HE
BR
OK
ER
RE
PR
ES
EN
TS T
HE
BU
YER
:Th
e br
oker
bec
omes
the
buy
er’s
age
nt b
y en
terin
g in
to a
n ag
reem
ent
to r
epre
sent
the
buy
er,
usua
lly t
hrou
gh a
writ
ten
buye
r re
pres
enta
tion
agre
emen
t. A
buy
er’s
age
nt c
an a
ssis
t th
e ow
ner
but
does
not
rep
rese
nt t
he o
wne
r an
d m
ust
plac
e th
e in
tere
sts
of t
he b
uyer
firs
t. Th
e ow
ner
shou
ld n
ot t
ell
a bu
yer’s
age
nt a
nyth
ing
the
owne
r w
ould
not
wan
t the
buy
er to
kn
ow b
ecau
se a
buy
er’s
age
nt m
ust d
iscl
ose
to th
e bu
yer a
ny
mat
eria
l inf
orm
atio
n kn
own
to th
e ag
ent.
IF T
HE
BR
OK
ER
AC
TS A
S A
N IN
TER
ME
DIA
RY:
A b
roke
r may
act
as
an in
term
edia
ry b
etw
een
the
parti
es if
the
brok
er c
ompl
ies
with
The
Tex
as R
eal E
stat
e Li
cens
e
44
Act
. T
he b
roke
r m
ust
obta
in t
he w
ritte
n co
nsen
t of
eac
h pa
rty
to
the
tran
sact
ion
to
act
as
an
inte
rmed
iary
. T
he
writ
ten
cons
ent
mus
t st
ate
who
w
ill
pay
the
brok
er
and,
in
co
nspi
cuou
s bo
ld o
r un
derli
ned
prin
t, se
t fo
rth
the
brok
er’s
ob
ligat
ions
as
an i
nter
med
iary
. T
he b
roke
r is
req
uire
d to
tre
at
each
par
ty h
ones
tly a
nd f
airly
and
to
com
ply
with
The
Tex
as
Rea
l Est
ate
Lice
nse
Act
. A
bro
ker
who
act
s as
an
inte
rmed
iary
in
a tr
ansa
ctio
n:(1
) sh
all t
reat
all
part
ies
hone
stly
;(2
) m
ay n
ot d
iscl
ose
that
the
ow
ner
will
acc
ept
a pr
ice
less
th
an th
e as
king
pric
e un
less
aut
horiz
ed in
writ
ing
to d
o so
by
the
owne
r;(3
) m
ay n
ot d
iscl
ose
that
the
buye
r w
ill p
ay a
pric
e gr
eate
r th
an
the
pric
e su
bmitt
ed
in
a w
ritte
n of
fer
unle
ss
auth
oriz
ed
in
writ
ing
to d
o so
by
the
buye
r; a
nd(4
) m
ay
not
disc
lose
an
y co
nfid
entia
l in
form
atio
n or
an
y in
form
atio
n th
at
a pa
rty
spec
ifica
lly
inst
ruct
s th
e br
oker
in
w
ritin
g no
t to
dis
clos
e un
less
aut
horiz
ed i
n w
ritin
g to
dis
clos
e th
e in
form
atio
n or
req
uire
d to
do
so b
y T
he T
exas
Rea
l Est
ate
Lice
nse
Act
or
a co
urt
orde
r or
if
the
info
rmat
ion
mat
eria
lly
rela
tes
to
the
cond
ition
of
th
e pr
oper
ty.
W
ith
the
part
ies’
co
nsen
t, a
brok
er
actin
g as
an
in
term
edia
ry
betw
een
the
part
ies
may
app
oint
a p
erso
n w
ho is
lice
nsed
und
er T
he T
exas
R
eal
Est
ate
Lice
nse
Act
and
ass
ocia
ted
with
the
bro
ker
to
com
mun
icat
e w
ith a
nd c
arry
out
ins
truc
tions
of
one
part
y an
d an
othe
r pe
rson
who
is
licen
sed
unde
r th
at A
ct a
nd a
ssoc
iate
d w
ith t
he b
roke
r to
com
mun
icat
e w
ith a
nd c
arry
out
inst
ruct
ions
of
the
othe
r pa
rty.
If yo
u ch
oose
to h
ave
a br
oker
rep
rese
nt y
ou,
you
shou
ld e
nter
int
o a
writ
ten
agre
emen
t w
ith t
he b
roke
r th
at
clea
rly
esta
blis
hes
the
brok
er’s
ob
ligat
ions
an
d yo
ur
oblig
atio
ns.
The
agr
eem
ent
shou
ld s
tate
how
and
by
who
m th
e br
oker
will
be
paid
. Y
ou h
ave
the
right
to
choo
se t
he t
ype
of
repr
esen
tatio
n, i
f an
y, y
ou w
ish
to r
ecei
ve.
You
r pa
ymen
t of
a
fee
to a
bro
ker
does
not
nec
essa
rily
esta
blis
h th
at t
he b
roke
r re
pres
ents
you
. If y
ouha
ve a
ny q
uest
ions
reg
ardi
ng t
he d
utie
s an
d re
spon
sibi
litie
s of
th
e br
oker
, you
sho
uld
reso
lve
thos
equ
estio
ns b
efor
e pr
ocee
ding
.
San
Ant
onio
,TX
Excl
usiv
ely
List
ed B
y:
San
Ant
onio
Offi
ce75
50 IH
-10
Wes
tSu
ite 2
00Sa
n A
nton
io, T
X 78
229
Tel:
(210
) 343
-780
0Fa
x: (2
10) 3
43-7
810
STO
NEH
UE
CEN
TER
Exclusively Listed By:Exclusively Listed By:Exclusively Listed By:Exclusively Listed By:
Chad J. KnibbeChad J. KnibbeChad J. KnibbeChad J. KnibbeAssociate Vice President InvestmentsAssociate Vice President InvestmentsAssociate Vice President InvestmentsAssociate Vice President Investments
San Antonio OfficeSan Antonio OfficeSan Antonio OfficeSan Antonio OfficeTel: (210) 343-7800Tel: (210) 343-7800Tel: (210) 343-7800Tel: (210) 343-7800Fax: (210) 343-7810Fax: (210) 343-7810Fax: (210) 343-7810Fax: (210) 343-7810
[email protected]@[email protected]@marcusmillichap.comwww.marcusmillichap.com/ChadKnibbewww.marcusmillichap.com/ChadKnibbewww.marcusmillichap.com/ChadKnibbewww.marcusmillichap.com/ChadKnibbe
License: TX: 0497303License: TX: 0497303License: TX: 0497303License: TX: 0497303
