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Auction - One Technology Center 7411 John Smith 196,348 SF 34% Leased 4-Star Office Building San Antonio, TX 78229 $2,000,000 ($10.19/SF)

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Investment Highlights

STARTING BID $2,000,000 | REIT Sale | GSA Anchored | 196,348 SF | 33% Occupied | AUCTION MAY 4-6
Currently 33.8% leased with a government-oriented tenant roster, including the GSA Veterans Administration and the Board of Regents of The University
In-place rents below market, offering investors the opportunity to drive revenue through rollover, renewals, and mark-to-market leasing.

±196,348 SF, 14-story office tower situated on a ±6.85-acre site in Northwest San Antonio near the South Texas Medical Center.
Long-term anchor tenancy from the Veterans Administration, which occupies approximately 27% of the NRA and has maintained a longstanding presence
Potential medical office repositioning due to its location less than 0.5 miles from the South Texas Medical Center, a major regional healthcare hub

Executive Summary

Cushman & Wakefield and Marcus & Millichap are pleased to present the opportunity to acquire One Technology Center, a ±196,348-square-foot, 14-story office tower located at 7411 John Smith Drive, in Northwest San Antonio along the I-10 corridor and adjacent to the South Texas Medical Center (the “Property”). The Property offers investors a compelling value-add opportunity supported by current cash flow and an established government-based tenant roster. The building has benefited greatly from being institutionally owned and maintained. With below-market in-place rents, strong parking, quality building systems, and proximity to one of San Antonio’s most important employment and healthcare nodes, the asset is well positioned for office or a potential medical office conversion.
Northwest San Antonio is one of the metro’s most established office and medical office corridors, anchored by the South Texas Medical Center, the I-10 corridor, and major regional employers including USAA. The submarket benefits from dense healthcare infrastructure, physician demand, and convenient access to Loop 410, IH-10, and surrounding residential growth, supporting continued tenant interest from medical, professional, and healthcare-adjacent users. Recent leasing and occupancy trends in the broader San Antonio office market have shown improvement, while the area’s healthcare ecosystem remains a major demand driver, led by institutions such as UT Health San Antonio, which reports a multibillion-dollar annual economic impact. Additionally, the Property is situated within an extremely dense trade area, serving approximately 143,757 residents within a three-mile radius and over 379,000 residents within a five-mile radius, with average household income exceeding $80,000. The population has experienced 3.85% growth from 2020-2024 with 5.03% growth expected to continue through 2029 within a five-mile radius.

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

196,348 SF

Building Class

LoopNet Rating

4 Star

Year Built/Renovated

1983/1996

Price

$2,000,000

Price Per SF

$10.19

Percent Leased

34%

Tenancy

Multiple

Building Height

15 Stories

Typical Floor Size

13,078 SF

Slab To Slab

12’

Building FAR

0.66

Lot Size

6.85 AC

Zoning

C-3 - General Commercial District

Parking

675 Spaces (3 Spaces per 1,000 SF Leased)

24 Hour Access
Bus Line
Controlled Access

Conferencing Facility
Food Service
Property Manager on Site

Security System
Signage
Central Heating

Outdoor Seating
Air Conditioning

Educational Services
-
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Across their missions of research, education, patient care and community service, The University of Texas Health Science Center at San Antonio, also called UT Health San Antonio, remains relentlessly committed to advancing the health of all in San Antonio and the surrounding region. With a $350 million annual portfolio of biomedical research, the university is a primary driver of the city’s $42.4 billion health care and biosciences sector. Through its five schools, a diverse workforce of 7,200, an annual operating budget of more than $1 billion and a clinical practice that provides more than 2 million patient visits each year, UT Health San Antonio generates a substantial economic impact across South Texas as it daily serves the public good.