For Sale
$6,475,000

9600 Datapoint Dr San Antonio, TX 78229

High-yield, NNN-leased medical office building.

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional San Antonio investment opportunity: A 21,025 sq ft, Class B medical office building portfolio, featuring two single-story buildings on a 1.954-acre lot in Bexar County, TX. This sale-leaseback transaction offers a 15-year absolute NNN lease with a corporate guarantee, 2% annual rent increases, and two 5-year renewal options. The property boasts 114 parking spaces and is ideally situated near IH-10 and Wurzbach Drive. Built in 1970 with renovations in 2004 and 2009, the property currently enjoys 100% occupancy and generates a strong NOI of $453,000, representing a 7.00% cap rate. The asking price is $6,475,000 ($307.97/sq ft). The lease commenced October 1, 2024, and expires September 30, 2039. The property is zoned O-2. The tenant is Pathology Reference Laboratory, a long-standing San Antonio business.

Highlights

  • Absolute NNN lease with no landlord responsibilities.
  • Prime location, two blocks from IH-10 and Wurzbach Drive in San Antonio.
  • Stable, long-term tenant (Pathology Reference Laboratory) with a 15-year lease.
  • 2% annual rent increases.
  • 15-year initial lease term, plus two 5-year renewal options.
  • Corporate guarantee provided.

Property Details for 9600 Datapoint Dr

Property type
Office properties, Medical offices
Square Feet
21,025 SF
Class
B
Year Built
1970
Buildings
2
Stories
1
Lot Size (sq. ft)
85,116 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.526613
Longitude
-98.563737

FAQs

What type of property is this?
Office property - High-yield, NNN-leased medical office building.
Where is the office property located?
The property is located at 9600 Datapoint Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $6,475,000.
What are key features of this property?
This property features: Absolute NNN lease with no landlord responsibilities.; Prime location, two blocks from IH-10 and Wurzbach Drive in San Antonio.; Stable, long-term tenant (Pathology Reference Laboratory) with a 15-year lease.
How can I contact the broker?
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9600 Datapoint Dr
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