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Packard Office Building

1123 N Main Avenue, San Antonio, TX 78212

$5,950,000

36,706 SF | Office

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Office Property For Sale

Price:
$5,950,000
Building Size:
36,706 SF
Price/SF:
$162.10
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Institutional/
Governmental
Medical Office
Office-R&D
Property Use Type:
Investment
Cap Rate:
8.24%
Occupancy:
100%
No. Stories:
2
Building Class:
B
Tenancy:
Multiple
Year Built:
1922
Lot Size:
1.10 AC
APN / Parcel ID:
103581
Parking Ratio:
2.34 / 1,000 SF
Listing ID
18330650
Last Updated
13 days ago

Find Out More...

Highlights

  • 100% leased to a diverse group of tenants(6) with little near term rollover
  • All tenants on NNN leases that are well below market
  • High % of medical tenants and in great medical location between 5 hospitals
  • Just north of CBD in high growth area
  • Sold free and clear of existing financing
  • Ample free parking on and off-site

Description

Packard Office Building is fully leased building built in 1929 and fully renovated in 2004/2014. The building totals 36,706 square feet located just north of downtown San Antonio. The property totals 1.11 acres and offers a parking ratio of 2.342/1,000 RSF.

Located at the northwest corner of the intersection of North Main Avenue and West Maple Street, three blocks north of Interstate 35, Packard offers excellent highway access and a location blocks away from five major hospitals. The Packard Office Building represents a unique opportunity to acquire a superior office asset with a superb medical and office tenant base.

Financial Summary

Debt & Equity Information

  • Actual
  • 2015
  • $500,553

Map of 1123 N Main Avenue, San Antonio, TX 78212 (Bexar County)

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John Taylor
John Taylor

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Asking Price Index Trends for San Antonio, TX Office For Sale

  Jun 15 vs. 3 mo.
prior
Y-O-Y
-
State
$120+0.8%+5.0%
-
Metro
$143+1.3%+10.1%
-
County
$145+1.7%+10.3%
-
City
$147+2.0%+10.9%

View San Antonio Market Trends for other property types for sale or lease. Learn more about the chart info.

Packard Office Building
  • Office
  • $5,950,000
  • 36,706 SF