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11467 Huebner Rd
San Antonio, TX 78230
Midway Plaza · Office Property For Sale
Investment Highlights
- Proven historically full-occupancy boutique office among strong demographic neighborhoods and in a robust office submarket
- Upside potential with mark-to-market rents
- Major capital investment in tenant improves completed in 2024
- Highly-amenitized area with over 500,000 SF of retail and entertainment one block away
- Less than 50% of replacement costs
- Track record of high demand - maintaining 98%+ occupancy at year-end since 2018
Executive Summary
This 3-story boutique office building was built in 2003, spans 38,443 rentable square feet and has a a strong tenant mix that includes attorney offices, software development, medical billing, and a BCBS affiliated benefits administrator.
The Property offers investors an opportunity to buy an exceptionally located historically stable office building with in-place rents 10% below market at less than 50% of replacement cost. The Property is also suitable for a user-buyer with cash flow in-place until they backfill tenant spaces with future expiration dates.
The Property offers investors an opportunity to buy an exceptionally located historically stable office building with in-place rents 10% below market at less than 50% of replacement cost. The Property is also suitable for a user-buyer with cash flow in-place until they backfill tenant spaces with future expiration dates.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
38,443 SF
Building Class
A
Year Built
2003
Price
$4,890,000
Price Per SF
$127.20
Cap Rate
9.25%
NOI
$452,124
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,718 SF
Slab To Slab
10’
Building FAR
0.45
Lot Size
1.97 AC
Zoning
C-2 Commercial
Parking
133 Spaces (3.5 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Property Manager on Site
- Security System
- Signage
Property Taxes
| Parcel Number | 17333-001-0030 | Improvements Assessment | $4,139,460 |
| Land Assessment | $1,460,540 | Total Assessment | $5,600,000 |
Property Taxes
Parcel Number
17333-001-0030
Land Assessment
$1,460,540
Improvements Assessment
$4,139,460
Total Assessment
$5,600,000
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