4458 Medical Dr
San Antonio, TX 78229
Live Oak Hills - Medical Office Building · Office Property For Sale

BGL REAL ESTATE PARTNERS has been retained by ownership to offer qualified investors the exceptional opportunity to acquire the leasehold interest in Live Oak Hills Medical Building (the “Property”, “Building” or “Live Oak Hills”). Completed in 2017, Live Oak Hills is a 100% leased Class-A medical office building that is located on the campus of Methodist Hospital in the heart of San Antonio’s renowned medical center - South Texas Medical Center. The Building, totaling approximately 66,857 rentable square feet, is connected to the Methodist Hospital via the adjoining 10-story parking structure, providing patients and healthcare professionals with convenient access to both the Building and the Hospital. The Property is located less than 8 miles northwest of downtown San Antonio and 10 miles from San Antonio’s famed River Walk. San Antonio is the 7th largest city in the U.S. with a population of approximately 1,493,000 (2016) and was named the fastest growing city of the top 15 cities in the country for 2017. The Property is conveniently located and highly visible in the heart of the medical center at one of the busiest intersections, Medical Dr. and Floyd Curl Dr, with over 27,000 vehicles passing the Property each day. It is also walking distance to several prominent hospitals and health science education and research facilities, including University Hospital, St. Luke’s Baptist Hospital, CHRISTUS Santa Rosa Hospital, Audie L. Murphy Memorial VA Hospital, the University of Texas Health Science Center, UT School of Medicine, and the Texas Neuroscience Institute, creating the largest concentration of medical facilities and research centers in South Texas. Live Oak Hills was purposely designed for the current tenancy and opened its doors in 2017 as an addition to the Methodist Hospital campus to offer a full range of specialties including Diagnostic Testing, Internal Medicine, Nephrology, OB-GYN, Imaging, Pulmonary, and Sleep Medicine. Live Oak Hills also features the largest OB-GYN practice and one of the largest Nephrology practices in South Texas. The Building also contains a nationally recognized radiology imaging center that is staffed with over 60 Board- Certified Radiologists. With two of the region’s top medical groups in their specialization, strong supporting tenants with long-term leases, and one of the top locations in the country, Live Oak Hills is a unique opportunity to acquire a leading medical office property that serves not only San Antonio but also patients that reside within and outside Bexar County. INVESTMENT HIGHLIGHTS: PREMIERE FACILITY: Live Oak Hills is a physician-owned newly constructed 100% leased Class-A medical building that is prominently located in the renowned South Texas Medical Center in San Antonio, TX. STRONG REFERRAL NETWORK: The Property is conveniently located on the Methodist Hospital campus within the South Texas Medical Center and consists of a variety of healthcare providers that are affiliated with the Methodist Hospital. DIVERSIFIED TENANTS: With six tenants providing a variety of healthcare services at the Property, patients are able to conveniently access medical care within one location for various levels of care and services, creating a competitive advantage over other medical facilities in the area. STRONG DEMOGRAPHICS: Nearly 1.61 million people live within 10 miles of the Building and approximately 13% of the population are age 65 and older, which portends long-term demand for healthcare services across a variety of specialties. TOP MSA: San Antonio, TX is ranked as the 24th largest metropolitan area in the United States and is a part of the 3rd largest metro area in Texas and the 2nd fastest-growing metropolitan area in the state. STRONG TENANCY: 100% leased with long-term NNN leases proving a Weighted Average Lease Term of 12 years. PREPAID GROUND LEASE: The leasehold interest has been prepaid for the duration of the lease term providing investors with the opportunity to depreciate 100% of the Building’s value. CONNECTED PARKING STRUCTURE: Live Oak Hills is connected to a parking structure that consists of three (3) underground levels and ten (10) above ground levels with 1,028 parking spaces. The pedestrian corridor is located on the third level and connects the Building to the parking structure, which also connects to Methodist Hospital.