JLL Capital Markets has closed the sale-leaseback of a 166,000-square-foot, fully leased, Class B, mission-critical manufacturing and distribution facility at 5003 Stout Dr. in an irreplaceable San Antonio, Texas, location.
JLL represented and marketed the property on behalf of the seller, Comet Signs, and entered into a long-term lease with the buyer.
Completed in 1985, the building was renovated in 2019 and features tilt-wall construction, a 22.6-foot clear height, 16 dock-high doors, 21 percent office finish and 93 parking stalls. The facility serves as one of three state-of-the-art manufacturing facilities and the corporate headquarters for Comet Signs, which provides complete in-house sign manufacturing capabilities.
5003 Stout Dr. is positioned on 8.43 acres at the intersection of interstate 10 and Loop 410, which provides exceptional regional connectivity to the entire San Antonio metro area along with other major Texas population centers. The facility is within the premiere Northeast Industrial submarket and a short drive to both San Antonio International Airport and the Port of San Antonio, which is one of two Texas intermodal facilities offering air, ground and rail connections.
The JLL Industrial Capital Markets team that represented the seller was led by Senior Managing Director Dustin Volz, Managing Director Step
