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7622 Louis Pasteur Dr 18,834 SF Office Building San Antonio, TX 78229 $5,820,000 ($309.02/SF) 6.75% Cap Rate
Executive Summary
7622 Louis Pasteur is a premier medical office building totaling 18,834 square feet in the South Texas Medical Center. This institutional-quality asset is being offered to the market as a stabilized investment with attractive in-place yield and embedded upside. The tenant, WellMed Medical Management, Inc. has occupied the property since 2003. The current Lease Term expires November 30, 2030, and has built-in 3% annual base rent escalations. WellMed has two (2) additional five (5) year renewal options, both with built-in 3% annual base rent escalations.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
18,834 SF
Building Class
B
Year Built/Renovated
1973/2019
Price
$5,820,000
Price Per SF
$309.02
Cap Rate
6.75%
NOI
$393,010
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,417 SF
Slab To Slab
12’
Building FAR
0.36
Lot Size
1.21 AC
Zoning
C-2
Parking
78 Spaces (4.14 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12812-002-0240 | Improvements Assessment | $1,584,590 |
| Land Assessment | $1,138,910 | Total Assessment | $2,723,500 |
Property Taxes
Parcel Number
12812-002-0240
Land Assessment
$1,138,910
Improvements Assessment
$1,584,590
Total Assessment
$2,723,500
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7622 Louis Pasteur Dr
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