OWN vs. RENT | Industrial Condos For Sale | Smithson Valley Business Park

Highlights

Description

OWN YOUR SPACE. BUILD EQUITY. CONTROL YOUR COSTS.
Smithson Valley Business Park offers industrial condo ownership in the supply-constrained Bulverde corridor. First building sold—Q2 2026 groundbreaking confirmed. 6 buildings remaining.

OWNERSHIP OPPORTUNITY
Own your industrial/flex space instead of leasing. Build equity with every payment. No future rent escalations. Full control over your operations and occupancy costs.

DELIVERY & TIMELINE
Groundbreaking: Q2 2026 (CONFIRMED)
Delivery: Q4 2026 (7 months from groundbreaking)
Developer: Field Construction (proven Texas industrial track record)
Occupancy: Move-in ready Q4 2026

PRICING & AVAILABILITY
Base Price: $225/SF
Available Units: 1,300–12,040 SF (6 buildings)
Condo Structure: Individual ownership with HOA (industrial condo regime)
Estimated HOA: $2.50/SF annually (CAM, taxes, insurance)
Total Investment Example: 1,300 SF unit = $292,500 purchase price

TAX ADVANTAGES
Estimated $65,000 first-year tax deduction on a 1,300 SF unit through:

Bonus depreciation on qualifying components
Section 179 deductions on equipment/fixtures
Regular depreciation on building improvements

Tax benefits vary by individual circumstances. Consult your CPA regarding bonus depreciation, Section 179 eligibility, and cost segregation opportunities.

Additional Owner Benefits:
Mortgage interest deduction
Property tax deduction
Building depreciation over 39 years
1031 exchange eligible for future sale

PRODUCT SPECIFICATIONS
Clear Heights: 20 feet
Doors: 14'×14' drive-through, grade-level loading
Power: 3-phase electrical, individually metered
Finishes: Polished concrete floors, LED lighting, insulated walls/ceilings
Restrooms: Private restroom per unit
HVAC: Climate-controlled office areas (build-to-suit)
Access: 24/7/365 keypad entry
Parking: 282 spaces (3.2 spaces per 1,000 SF—highest ratio in market)

DELIVERY OPTIONS
Whitebox: Shell with utilities stubbed, you finish to suit
Build-to-Suit: Custom improvements to your specifications
Turnkey: Fully finished office/warehouse ready for occupancy

FLEXIBLE SIZING & CONFIGURATION
Minimum Unit: 1,300 SF (no subdivision below this size)
Maximum Unit: 12,040 SF
Combine Units: Purchase multiple adjacent units for larger operations
Mezzanine-Ready: High ceilings accommodate future mezzanine build-out

IDEAL FOR:
Owner-users seeking to build equity vs. pay rent
Investors seeking cash flow + appreciation in supply-constrained market
Contractors, distributors, light manufacturers, warehouse operations
Office/warehouse combinations
Equipment storage and service businesses

MARKET DIFFERENTIATION
Supply-Constrained Corridor:
No comparable industrial condo sales in Bulverde/Spring Branch market
Limited new industrial inventory under construction
Closest competing project: 1900 Business Park (different location/structure)

Why Industrial Condos Matter:
Build equity instead of paying rent
Control your real estate costs long-term
Hedge against rent escalation (tenant leases typically increase 3-5% annually)
Asset appreciation in growing market
Exit flexibility: sell, lease, or continue owner-occupancy

FINANCING OPTIONS
SBA 504 Loan: 10% down, low fixed rates, 20-25 year terms (owner-occupied businesses)
Conventional Commercial: 20-25% down, competitive rates
Cash Purchase: Full equity ownership, maximum tax benefits

Pre-Qualified Buyers: Priority scheduling and unit selection for buyers with financing pre-approval or proof of funds.

CONDO OWNERSHIP STRUCTURE
HOA Responsibilities:
Common area maintenance (parking, landscaping, exterior)
Property insurance (building exterior and common areas)
Property taxes (assessed per unit)
Stormwater management, utilities to building

Owner Responsibilities:
Interior maintenance and improvements
Interior insurance (contents, business liability)
Individual utility costs (electric, water metered per unit)
HOA dues ($2.50/SF annually estimated)

NEXT STEPS
Schedule Site Visit: View location and review site plans
Select Your Unit: Building and size based on your needs
Submit LOI: Letter of Intent with unit selection and pricing
Secure Financing: SBA 504, conventional, or cash
Execute Purchase Agreement: Lock pricing and delivery timeline
Close at Delivery: Q4 2026 occupancy

INDUSTRIAL CONDOS AVAILABLE FOR LEASE | Q3 2026 GROUNDBREAKING
Smithson Valley Business Park offers 1,300-12,040 SF industrial/flex units in a supply-constrained corridor. First building leased-groundbreaking confirmed for Q3 2026.

LEASE TERMS
Rate: $12.50-$20/SF NNN (varies by unit size and tenant improvement structure)
NNN: $2.50/SF (estimated CAM, taxes, insurance)
Total Occupancy Cost: $15.00-$22.50/SF annually
Term: 60-120 months
Escalations: 3% annually
Free Rent: Up to 60 days during build-out to occupancy

5+ year leases: Free rent incentive (terms vary by lease length)
10-year lease: Up to 6 months free rent (front-loaded)

Delivery: Whitebox, build-to-suit, or turnkey (TI cost amortized into rate)
Occupancy: Q4 2026 (7 months post-groundbreaking)

HOW RATES WORK
$12.50/SF NNN: Tenant provides own improvements (whitebox delivery)
$20/SF NNN: Landlord provides build-to-suit improvements (cost amortized over lease term)

SPECIFICATIONS
20' clear ceiling heights
14'×14' drive-through doors
3-phase power available, individually metered utilities
Polished concrete floors, LED lighting, private restrooms
24/7/365 access, wide paved aisles
282 parking spaces (3.2 spaces per 1,000 SF—highest ratio in market)

FLEXIBLE SIZING
Minimum lease: 1,300 SF (no subdivision below this threshold)
Combine adjacent units for larger requirements

TARGET USES
Industrial/flex applications: warehouse, light manufacturing, distribution, contractor operations, equipment storage, office/warehouse combinations. No water-intensive processes.

LOCATION ADVANTAGE
FM 3159 at FM 311, Spring Branch. HWY 46 access (58,628 VPD). Minutes to HWY 281 (Bulverde corridor), I-35 (New Braunfels), I-10 (Boerne).

MARKET CONTEXT
Limited competing new industrial inventory in Bulverde/Spring Branch corridor. Closest alternative: 1900 Business Park (different location/pricing). Supply-constrained market supports strong lease rates and low vacancy.

DEVELOPER
Field Construction. Q2 2026 groundbreaking confirmed. 7-month delivery timeline.

Highway Access:
HWY 46: 58,628 vehicles per day (primary access)
Minutes to HWY 281 (Bulverde employment corridor)
Minutes to I-35 (New Braunfels)
Minutes to I-10 (Boerne)

Market Position:
Positioned between three major San Antonio metro employment centers. Bulverde/Spring Branch corridor experiencing commercial and residential growth.
Demographics (5-Mile Radius):

Population: 13,310 residents
Household Income: $44,284 average
Growing market with San Antonio metro expansion northward

Documents

Units for Lease