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Medical Office - Offices on 46 18772 Forty Six Pky 6,000 SF Office Building Spring Branch, TX 78070 $2,389,248 ($398.21/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased, Multi-Tenant Asset: The property is 100% occupied by three established medical tenants.
- Strategic Hill Country Location: Situated in Spring Branch, a rapidly growing area northwest of San Antonio.
- Improved Accessibility: Recent enhancements to Forty Six Pkwy include the widening of the access road, providing better entry.
- Attractive Yield With Strong Fundamentals: Leases are structured on NNN+ terms with staggered expirations, and providing both income stability.
- Modern Construction and Efficient Layout: The building features recent construction, ample parking, and a functional design.
- Healthcare Demand Tailwinds: The property is positioned to benefit from increasing regional demand for outpatient services.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 6,000 SF offices on 46, located at 18772 Forty Six Pkwy in Spring Branch, TX. These leases are structured with NNN+ terms and feature staggered expiration dates, offering stable income, long-term security, and built-in upside through future renewals or rent escalations.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2024
Price
$2,389,248
Price Per SF
$398.21
Cap Rate
6.25%
NOI
$149,328
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.06
Lot Size
2.22 AC
AMENITIES
- Signage
- Air Conditioning
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Medical Office - Offices on 46 | 18772 Forty Six Pky
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