8435 Wurzbach Rd - Office FOR SALE


San Antonio, TX 78229- Medical Center
$28,500,000 USD
858-822-9811
8435 Wurzbach Rd, San Antonio, TX for Sale
$28,500,000 USD
Office - FOR SALE
1/15
null | 6.34% Cap Rate

8435 Wurzbach Rd
San Antonio, TX 78229
Medical Center


HIGHLIGHTS

  • 92% Occupied, Upside in Leasing Vacancies Totaling 5,013 SqFt
  • All Tenants on NNN Leases
  • Healthy Tenant Mix of Restaurant, Retail and Healthcare to Support Heavily Trafficked Corridor
  • Strong 5 Year WALT with 61% of Building Featuring Credit-Rated Health System Tenants
  • Ranked in the 95th Percentile in Texas and Nationwide for Visits Within the "General Medical Centers & Hospitals" Category, per Placer.ai
  • Located in the Heart of South Texas Medical Center with Over 30,000 Employees Combined

OVERVIEW

Gateway Plaza - UT Health Science & Retail Center is a 92% occupied trophy asset with credit-rated tenants supporting a heavily trafficked corridor. The 3-story building has restaurant, retail and healthcare tenants all on NNN Leases. The subject property is ranked in the 95th percentile in Texas and Nationwide for visits within the “General Medical Centers & Hospitals” Category and has 6,600+ visits in total foot traffic per month, per Placer.ai. Sitting at an entry point to South Texas Medical Center, the site has excellent visibility, is positioned at a signalized intersection with 67,000+ combined traffic counts and numerous access points with dual ingress/egress. A newly built UT Health San Antonio Multispecialty and Research Hospital is less than 0.5 miles from the subject property, with 11,000+ employees. The site neighbors several business parks and affluent residential developments with 2,000+ units combined in a 1 mile radius and is in close proximity to I-10 (223,077 VPD), servicing a dense corridor. This massive 3.05 acre lot sits at an entry point to the South Texas Medical Center (STMC) with over 30,000 employees combined and receives over 5MM outpatient visits and 100,000 inpatient visits annually. Essentially a city within a city, the STMC is an extensive professional community - not just in healthcare, but in contributions to medical research and service to patients worldwide. The site is located in a heavily populated area with a population of 139,800+ in 3 mile radius and is surrounded by a high density hotel area with 2,180 rooms in a 2-mile radius. Watch Property Video: https://vimeo.com/1073819677

FOR SALE DETAILS

PRICE

$28,500,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Plaza - UT Health Science & Retail

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.05 AC

LAND SF

132,771 SF

ZONING

C-3

APN/PARCEL ID

13663-000-0241

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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