1850-1900 Grandstand Dr, San Antonio, TX 78238

Northwest Business Center is an institutional-quality, multi-tenant small-bay industrial flex campus totaling 87,042 square feet across three buildings. The property is currently 94.5% leased to 24 tenants, with no single tenant exceeding 12.5% of rentable area. The tenant mix spans healthcare, construction, technology, and professional services. Improvements include functional small-bay configurations, 50 grade-level overhead doors, and 16-foot clear heights. Parking is supported by a 3.48/1,000 SF ratio.

The campus is located in the Alamo Downs Business Park in San Antonio at 1850-1900 Grandstand Dr. The offering is presented as being positioned in a supply-constrained flex submarket, with the market described as approximately 94% occupied and limited new construction.

For operators and investors, the property’s small-bay design and industrial support features—grade-level doors, 16-foot clear height, and on-site parking—make it suitable for a broad range of service, industrial, and flex users. The leasing profile is described as diversified, and the remarks indicate that approximately 60% of leases are set to roll by 2029. Current in-place rents are described as averaging $11.66 PSF, creating a potential mark-to-market rent growth scenario alongside maintaining high occupancy.