For Sale
$8,450,000

151 Stagecoach Trl San Marcos, TX 78666

Class A Medical Office Building, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
128
Exceptional investment opportunity in San Marcos, Texas. This 24,574 square foot, two-story Class A medical office building, constructed in 2019, boasts a 7.75% cap rate and is 100% leased to five credit tenants. The property is anchored by Baptist Healthcare Network, a prominent regional healthcare system with over 100 locations, ensuring strong and stable cash flow. The building enjoys a prime location at 151 Stagecoach Trail, offering easy access to affluent Southwest San Marcos neighborhoods and the rest of the city via major roadways. The thriving San Marcos market features a 93% occupancy rate in this competitive submarket, and benefits from a population of 73,644 and an average annual growth of 3.5%. Further enhancing its value, a 2.2-acre adjacent parcel is included, zoned and serviced for future development, presenting significant expansion potential. The property's proximity to Texas State University, with its 35,000+ students, adds to its long-term appeal. The asking price is $8,450,000, translating to $343.86 per square foot. This property is situated on a 2.4-acre lot and is zoned General Commercial (GC). This is a rare opportunity to acquire a high-performing, fully leased medical office building with significant upside potential in a rapidly growing Texas market.

Highlights

  • Fully leased to five credit tenants.
  • Anchored by Baptist Healthcare Network, a major regional healthcare system.
  • Strong submarket with 93% occupancy.
  • Adjacent 2.2-acre parcel available for future development.
  • San Marcos, TX population: 73,644, with 3.5% average annual growth.
  • Located near Texas State University (35,000+ students).

Property Details for 151 Stagecoach Trl

Property type
Office properties, Medical offices
Square Feet
24,574 SF
Class
A
Year Built
2019
Stories
2
Lot Size (sq. ft)
104,544 SF

Location Insight

City
San Marcos
County
Hays
State
Texas
Latitude
29.8635671
Longitude
-97.9653953
151 Stagecoach Trl, San Marcos, Texas

FAQs

What type of property is this?
Office property - Class A Medical Office Building, 7.75% Cap Rate
Where is the office property located?
The property is located at 151 Stagecoach Trl San Marcos, TX.
What is the asking price?
The asking price for this property is $8,450,000.
What are key features of this property?
This property features: Fully leased to five credit tenants.; Anchored by Baptist Healthcare Network, a major regional healthcare system.; Strong submarket with 93% occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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151 Stagecoach Trl
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