7622 Louis Pasteur Dr - Medical FOR SALE


San Antonio, TX 78229- Medical Center
$5,820,000 USD
210-737-8100
7622 Louis Pasteur Dr, San Antonio, TX for Sale
$5,820,000 USD
Medical - FOR SALE
1/5
null | 6.75% Cap Rate

7622 Louis Pasteur Dr
San Antonio, TX 78229
Medical Center


OVERVIEW

7622 Louis Pasteur is a premier medical office building totaling 18,834 square feet in the South Texas Medical Center. This institutional-quality asset is being offered to the market as a stabilized investment with attractive in-place yield and embedded upside. The tenant, WellMed Medical Management, Inc. has occupied the property since 2003. The current Lease Term expires November 30, 2030, and has built-in 3% annual base rent escalations. WellMed has two (2) additional five (5) year renewal options, both with built-in 3% annual base rent escalations.

FOR SALE DETAILS

PRICE

$5,820,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C-2

APN/PARCEL ID

12812-002-0240

ASK ABOUT THIS PROPERTY

Nick CampbellCampbell Commercial, Inc.More Info
210-737-8100

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Nick CampbellCampbell Commercial, Inc.More Info
210-737-8100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.