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The Mercantile Building 40 NE Loop 410 217,838 SF 71% Leased Office Building San Antonio, TX 78216 For Sale

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INVESTMENT HIGHLIGHTS

  • Phenomenal Location
  • Ample Parking
  • High Walkability
  • Distinctive Design

EXECUTIVE SUMMARY

The property is currently under a condominium ownership structure consisting of 7 total condominiums. Texas Name Mercantile Investment owning 6 of 7 making it 75% owner of the entire asset. The remaining 25% consists of a 52,303 square foot vacant condo space, which was previously leased by Wells Fargo Bank (WFB) and is owned by a different entity, currently being marketed for sale by another firm. Potential buyers are invited to submit purchase offers for the subject property, including the WFB condo, with specified price allocations detailed in a letter of intent. At present, the subject property is 70% leased to a variety of tenants, while the entire building, including the WFB condo, is 51% leased.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
217,838 SF
Building Class
A
Year Built
1981
Percent Leased
71%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
31,120 SF
Slab To Slab
15’
Building FAR
0.68
Lot Size
7.37 AC
Zoning
C-3 - General Commercial District
Parking
1,120 Spaces (5.14 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Atrium
  • Banking
  • Bus Line
  • Controlled Access
  • Courtyard
  • Property Manager on Site
  • Restaurant
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Welcome to Altus. The organization strives to provide information and resources to support healthcare needs. Whether someone is living with an illness, supporting a loved one, working as a healthcare professional, or seeking volunteer opportunities, the site is designed to offer helpful answers. Altus encourages individuals to call or visit one of its offices for more information. The team is available every day of the week and can schedule appointments during the day or evening to discuss available services. Responsiveness to community needs is a priority, and Altus is committed to providing assistance whenever required. Founded in 2008, Altus was established with the mission of enhancing quality of life at the end of life. The organization’s specialized staff addresses a wide range of health needs with compassion and dignity. Feedback from patients, families, and healthcare professionals is welcomed, as it plays a vital role in improving services for the future

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

At Kearney, McWilliams & Davis, PLLC, they aim to be your Lifetime Law firm, offering complete & personalized legal support that is custom to your unique needs, saves you money by consolidating your legal needs into one firm and leverages the vast experience of our dedicated team. They are ready to help you with your legal matters from start to finish in matters related to oil and gas law, estate and tax planning, immigration, business formation and development, and residential and commercial real estate law. With offices located in Houston, Denver, San Antonio, Dallas-Fort Worth, and Sheridan, their attorneys are licensed to practice law in several states and have the expertise to assist clients regionally, nationally and globally. They are available, dedicated, and excited to be a part of their business.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

At LaHood Norton Law Group, they set their selves apart from other firms by combining the experiences of former distinguished prosecutors and defense lawyers who have successfully represented clients on both sides of the justice system. They are accomplished trial lawyers with a proven track record of success. You can rest assured that you will receive the high-quality legal representation you are seeking when you work with their team of San Antonio criminal defense attorneys.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

SeeKing HR's mission is to offer human resource services on a just-in-time basis, for a cost-effective price, while improving efficiencies, maintaining confidentiality and acting as a neutral third-party. Their strategy is to act as a solid alliance partner for firms seeking opportunities to develop diversity relationships with small, woman and veteran-owned firms.

  • Educational Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The Texas A&M University System is one of the largest systems of higher education in the nation. Through a statewide network of universities, a comprehensive health science center, eight state agencies, Texas A&M-Fort Worth and Texas A&M-RELLIS, the Texas A&M System educates hundred of thousands of students and makes millions of additional educational contacts through service and outreach programs each year. System-wide, research and development expenditures exceed billions of dollars to help drive the state’s economy. The Texas A&M University System was created by the Texas Legislature in 1948 to manage the evolution of a statewide educational, research and service system. Its roots lie in the founding of what are now Texas A&M University and Prairie View A&M University as land-grant colleges in 1876.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The U.S. Department of Labor's Mine Safety and Health Administration (MSHA) is dedicated to reducing deaths, injuries, and illnesses in the nation's mines through a variety of activities and programs. The agency develops and enforces safety and health rules for all mines under U.S. jurisdiction, including those in Puerto Rico, the U.S. Virgin Islands, and Pacific territories such as American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands (CNMI). MSHA provides technical, educational, and other types of assistance to mine operators and works cooperatively with industry, labor, and other federal and state agencies to improve safety and health conditions for all miners throughout the United States and its territories.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - - Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Educational Services - - Lorem Ipsum Jan 0000
Public Administration - $9.99 Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Basement
  • 14,165 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Floor
  • 10,835 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Floor
  • 9,850 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Fl-Ste 200
  • 2,720 SF
  • Office/Medical
  • -
  • Now

Suite 200 Carve

  • 2nd Fl-Ste 202
  • 4,453 SF
  • Office/Medical
  • -
  • 30 Days
  • 2nd Fl-Ste 225
  • 2,358 SF
  • Office/Medical
  • -
  • Now
  • 3rd Floor
  • 16,458 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 401
  • 6,293 SF
  • Office/Medical
  • -
  • 30 Days
  • 4th Fl-Ste 445
  • 2,689 SF
  • Office/Medical
  • -
  • Now
  • 5th Fl-Ste 525
  • 4,074 SF
  • Office/Medical
  • -
  • 30 Days
  • 5th Fl-Ste 560
  • 2,452 SF
  • Office/Medical
  • -
  • Now
  • 6th Fl-Ste 602
  • 615 SF
  • Office/Medical
  • -
  • Now
Space Size Space Use Condition Available
Basement 14,165 SF Office Full Build-Out Now
1st Floor 10,835 SF Office Full Build-Out Now
2nd Floor 9,850 SF Office Full Build-Out Now
2nd Fl-Ste 200 2,720 SF Office/Medical - Now
2nd Fl-Ste 202 4,453 SF Office/Medical - 30 Days
2nd Fl-Ste 225 2,358 SF Office/Medical - Now
3rd Floor 16,458 SF Office Full Build-Out Now
4th Fl-Ste 401 6,293 SF Office/Medical - 30 Days
4th Fl-Ste 445 2,689 SF Office/Medical - Now
5th Fl-Ste 525 4,074 SF Office/Medical - 30 Days
5th Fl-Ste 560 2,452 SF Office/Medical - Now
6th Fl-Ste 602 615 SF Office/Medical - Now

Basement

Size
14,165 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size
10,835 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
9,850 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 200

Size
2,720 SF
Space Use
Office/Medical
Condition
-
Available
Now

2nd Fl-Ste 202

Size
4,453 SF
Space Use
Office/Medical
Condition
-
Available
30 Days

2nd Fl-Ste 225

Size
2,358 SF
Space Use
Office/Medical
Condition
-
Available
Now

3rd Floor

Size
16,458 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 401

Size
6,293 SF
Space Use
Office/Medical
Condition
-
Available
30 Days

4th Fl-Ste 445

Size
2,689 SF
Space Use
Office/Medical
Condition
-
Available
Now

5th Fl-Ste 525

Size
4,074 SF
Space Use
Office/Medical
Condition
-
Available
30 Days

5th Fl-Ste 560

Size
2,452 SF
Space Use
Office/Medical
Condition
-
Available
Now

6th Fl-Ste 602

Size
615 SF
Space Use
Office/Medical
Condition
-
Available
Now

Basement

Size 14,165 SF
Space Use Office
Condition Full Build-Out
Available Now

2nd Fl-Ste 200

Size 2,720 SF
Space Use Office/Medical
Condition -
Available Now

Suite 200 Carve

4th Fl-Ste 445

Size 2,689 SF
Space Use Office/Medical
Condition -
Available Now

5th Fl-Ste 525

Size 4,074 SF
Space Use Office/Medical
Condition -
Available 30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12025-100-0040
  • 12025-100-0050
  • 12025-100-0021
  • 12025-100-0030
  • 12025-100-0060
  • 12025-100-0070
  • 12025-100-0000
Land Assessment
$7,740,340
Improvements Assessment
$9,287,542
Total Assessment
$17,027,882
  • Listing ID: 35599625

  • Date on Market: 4/23/2025

  • Last Updated:

  • Address: 40 NE Loop 410, San Antonio, TX 78216

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