9600 Datapoint DrSan Antonio, TX 78229

Property Details for 9600 Datapoint Dr

Year built

1970

Lot size

1.11 AC

Property size (Sq ft)

12,510 SF

Property type

Medical offices

Property subtype

Medical centers

APN

14282-002-0090

APU

142820020090

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,800,919

  6.5%

  $2,585,464

  7%

  $2,400,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,843,148

  Geo Method

  $2,843,148

• Alternative Use

  Use

  Valuation

  Residential

  $3,205,975

  Hospitality

  $2,936,656

  Educational

  $2,443,263

  Medical

  $2,527,291

  Retail

  $3,800,632

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5266

Longitude

-98.5638

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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