The subject property is a build-to-suit development for the United States of America' s General Services Administration located in San Antonio, Texas. The property is 100% occupied by the Social Security Administration for use as a regional office. The building was completed in 2008 and contains 20,700 rentable square feet on approx. 3 acres. The construction is steel and masonry block. The building was designed most cost efficiently with a high quality metal roof and sophisticated energy management system. The Seller develops, owns and operates various government facilities throughout the Midwest. His management team will handle all day to day management on behalf of the Investor for a modest fee. By doing so, this makes for a very secure investment with AAA credit and little to no management.
San Antonio is the second-largest city in Texas and is the third fastest growing city in the United States. It was recently ranked one of the top 10 Hottest Cities for expanding companies. Major Corporations based in San Antonio include: Valero Energy, Tesoro Petroleum, Clear Channel Communications, USAA, NuStar Energy, Advantage Rent A Car, Bill Miller Bar-B-Q, Frost National Bank, Harland Clarke, Harte-Hanks, H-E-B, Jim' s Restaurants, NewTek, Rackspace, Southwest Research Institute, Toyota Motor Manufacturing Texas, Taco Cabana, V. K. Knowlton Construction and Utilities, Zachry Construction, EyeMasters, Kinetic Concepts Inc, and Fairchild. The city has a strong military presence - it is home to Fort Sam Houston, Lackland Air Force Base, Randolph Air Force Base, and Brooks City-Base, with Camp Bullis and Camp Stanley just outside the city. Kelly Air Force Base has become Port San Antonio, an industrial / business park. San Antonio is also home to the South Texas Medical Center, the only medical research and care provider in the South Texas region.