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Transactions - SEPTEMBER 8, 2021

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Sale-leaseback of San Antonio industrial facility closes

by Released

Comet Signs has sold a 166,000-square-foot, fully leased, class B, mission-critical manufacturing and distribution facility at 5003 Stout Dr. in San Antonio.

As part of the sale, the unnamed buyer entered into a long-term lease.

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 Northeast Industrial submarket and a short drive to both San Antonio International Airport and the Port of San Ant

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