For Sale
$3,087,500

4115 Medical DrSan Antonio, TX 78229

Five-building office park, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional five-building office park, totaling 26,888 net rentable square feet on a 2.25-acre lot in San Antonio, Texas, presents a compelling value-add investment opportunity. Built in 1983 and renovated in 2014, the property boasts significant recent capital improvements, including roof replacements, HVAC system upgrades, landscape enhancements, and interior renovations. Currently operating at 75.2% occupancy with a gross lease structure, the property offers flexible space options suitable for medical, storefront, and traditional office tenants. Its prime location minutes from Interstate 10 and the South Texas Medical Center, a hub employing over 30,000 individuals, ensures high visibility and strong tenant demand. The C-2 zoning allows for the incorporation of retail uses, further diversifying the tenant mix and mitigating market risk, especially given the low retail vacancy rate in the submarket. The property features ample parking, attractive common areas, and mature landscaping. Significant upside potential exists through increased rental rates, enhanced management strategies, and the potential development of a sixth building to capitalize on the high-traffic location along Medical Drive (11,420 vehicles per day). The asking price is $3,087,500.

Highlights

  • Five-building office/retail park near South Texas Medical Center.
  • Value-add opportunity in San Antonio's strong economy.
  • Excellent rent growth potential; flexible space for diverse tenants.
  • Attractive property with classic architecture and common areas.
  • Expands leasable space and cash flow.

Property Details for 4115 Medical Dr

Property type
Retail properties, Office properties
Square Feet
20,000 SF
Class
C
Year Built/Renovated
1983/2014
Buildings
5
Stories
2
Lot Size (sq. ft)
98,010 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.515585437296
Longitude
-98.565796638209
4115 Medical Dr, San Antonio, Texas

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4115 Medical Dr
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