This property is Off-Market

1123 N Main Avenue
San Antonio, TX 78212 ·

36,706 SF · Office For Sale

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Packard Office Building

Price N/A Building Class B
Building Size 36,706 SF Tenancy Multiple
Property Type Office Year Built 1922
Property Sub-type
Office Building
More...
  • Institutional/ Governmental
  • Medical Office
  • Office-R&D
Lot Size 1.10 AC
Property Use Type Investment APN / Parcel ID 103581
Occupancy 100% Parking Ratio 2.34 / 1,000 SF
No. Stories 2
Listing ID: 18330650 Date Created: 08/27/2013 Last Updated: 11/06/2015

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.

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

Research

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

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