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