1123 N Main Avenue, San Antonio, TX, 78212 - Available for Sale

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Packard Office Building

1123 N Main Avenue, San Antonio, TX 78212

$6,400,000

36,706 SF | Office

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Office Property For Sale

Price:
$6,400,000
Building Size:
36,706 SF
Price/SF:
$174.36
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Medical Office
Property Use Type:
Investment
Cap Rate:
7.50%
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
6 days ago

Find Out More...

Highlights

  • 100% leased to a diverse group of tenants(6) with little near term rollover
  • All tenant 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 renovated in 2004. 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
  • 2014
  • $475,000

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

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John Taylor

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

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$115+1.2%+4.8%
-
Metro
$132+2.9%+6.9%
-
County
$135+3.7%+9.4%
-
City
$135+3.3%+8.1%

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

Packard Office Building
  • Office
  • $6,400,000
  • 36,706 SF