All Forum Posts by: Wayne Shi

Good list,  in the foreclosure  definition  the borrower is the mortgagor,lender is the mortgagee.

Hi Rick Pozos, thank you for your inputs, the siteplan is a preliminary, The building is not facing Eckhert Rd as the front is school parking lot and the back is the school football field, it still get a very good visibility. I plan to put the store front on both ends then give the tenants more choices to select the unit they want.

Agree with you about the small cities, but so far the Leon Valley is good, they call this area a sustainability overlay area, and had several nice talk with them.

Thanks Joel for sharing you valuable experience, we purchased land by family funds and the cost for holding on it is less then 10k annually . The land is platted and zoned for commercial/retail. The water/electricity/gas/cable are just beside property line and the sewer connection is about 280 feet away.

I thought about national STNL but the First  is hard to find one with favorable term and rate  and the Second is  if the economy goes down at future it will be less flexibility then the MTNL.

Building 10k sqft on an acre is kind of typical at our area right now , I totally agree with you more parking space and convenience to in and out  will be an advantage. Then when I think about  the self driving /vehicle sharing in the near future, maybe the demand for parking  will be significantly decrease.  

Consider the large scale of the high school and so much athletics and school events, 3500 plus students and staffs  is a good pedestrian count. Just had a high school graduate , so know a lot about those kids .

Right now I  focus on the prelease marketing and try to secure the SBA or other kind of the low rate loan, also consider to work with a EB5 applicant.

Thanks again.

The siteplan is scaled but the rendering is not. Also want to see if the second floor at the middle of the building is an option.

@Roland Rohde   where are your majority EB5 candidates from, I think the EB5 is a win-win deal.

Thanks Joel. I drawn up a site plan , looks like the 10k sqft building will fit, the land is flat and almost rectangle, with set back and required landscape, I still have 52+ parking.

I plan to build and hold on it, as a steady income for retirement,  maybe use one or two unit by myself, as my wife always want to try a coffee/ice-cream/yogurt  shop. 

What is the construction cost could be , did a little bit research on it and I prefer a tiltup concrete structure, solid and low maintenance.

Really appreciate you great insight and noticed you inputted on 2AM morning , thanks again.

@Jason Hirko The land is at medical center area,outside of 410, in between of Bandera Rd and Babcock Rd. The land faces major street and zero distance of a big high school(three sides adjacent to school).

I wonder if the school is a good attraction for business. 

Bought one acre of commercial land beside a high school which has about 3000 students and 500 staffs at San Antonio Texas. 

I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit?

In one mile radius , the new strip has a $20~25+NNN lease rate right now.

If anybody at here has experiences to develop this type of property from financing, construction and lease marketing?

ANY advices and ideas are appreciated.