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Portfolio for Auction 3 Office Properties Online Auction Sale San Antonio, TX
Investment Highlights
- Premier office park in the heart of Northwest San Antonio, currently fully occupied with a robust NOI from a diverse tenant roster.
- Prime location situated just off the Connally Loop, less than five minutes from Interstate 10 and just 6.9 miles from San Antonio Int'l Airport.
- Less than 1 mile from South Texas Medical Center, attracting institutional healthcare tenants with opportunities for partnerships & referrals.
- Expertly maintained properties that have completed extensive renovations in 2017 and 2020, ensuring limited new owner investment.
- Walkable to quality amenities, including Gold’s Gym, Starbucks, Quiznos, and Taco Cabana, with numerous other national brands within a short drive.
- Exceptional leasing environment, with stable vacancies and consistent rent growth, ensuring stable long-term income for investors.
Executive Summary
This rare opportunity invites investors to claim a performing office park with dependable rental income and a robust NOI in the heart of Northwest San Antonio at 6322, 6326, and 6338 Sovereign Drive. Encompassing a total of 86,449 square feet across three buildings, this vibrant business park is currently fully occupied by a diverse array of healthcare, professional services, real estate, and beauty/aesthetics businesses, delivering stability with a strong roster of internet-resistant tenants.
The properties were originally built in 1975 and completed extensive renovations in 2017 and 2020, currently boasting modernized office spaces with a terrific amenity package. The buildings are equipped with high-speed fiber internet service, an on-site micro-market, outdoor sitting areas with lush landscaping, and abundant parking across a walkable 4.17-acre lot. Employees also love the building’s access to nearby retail and dining amenities, with Gold’s Gym, Starbucks, Quiznos, and Taco Cabana reachable within walking distance, and national brands like Walmart Supercenter, The Home Depot, Chili’s, Jollibee, Whataburger, and much more available within a short drive.
The Sovereign Drive Office Park benefits from its strategically placed location in Northwest Houston, situated just off the Connally Loop and less than 5 minutes from Interstate 10. This well-connected site allows fantastic regional connectivity to employees and clients across the greater market area. Longer distance travel is also made quick and easy thanks to proximity to San Antonio International Airport, just 6.9 miles away.
As San Antonio’s premier office destination, the Northwest Submarket draws constant leasing attention from both growing businesses and institutional brands. This stable submarket enjoys stable vacancies, sitting at 10.6%, with rents rising 1.2% over the past 12 months. Currently, the construction pipeline in the area sits well below historical averages, creating outsized competition for premium office spaces like those at the Sovereign Drive Office Park.
Northwest San Antonio also serves as the epicenter of the region’s healthcare system, with the South Texas Medical Center reachable in less than 1 mile from the subject property. This 900+ acre medical hub delivers added support for a wide range of healthcare-industry tenants with referral and partnership opportunities from major institutions, including UT Health San Antonio, Methodist Hospital, and University Health.
Don’t miss this incredible opportunity to claim an income-producing office investment in one of the most sought-after commercial hubs in South Texas.
Property tours are by appointment only. Please contact the listing broker to schedule.
The properties were originally built in 1975 and completed extensive renovations in 2017 and 2020, currently boasting modernized office spaces with a terrific amenity package. The buildings are equipped with high-speed fiber internet service, an on-site micro-market, outdoor sitting areas with lush landscaping, and abundant parking across a walkable 4.17-acre lot. Employees also love the building’s access to nearby retail and dining amenities, with Gold’s Gym, Starbucks, Quiznos, and Taco Cabana reachable within walking distance, and national brands like Walmart Supercenter, The Home Depot, Chili’s, Jollibee, Whataburger, and much more available within a short drive.
The Sovereign Drive Office Park benefits from its strategically placed location in Northwest Houston, situated just off the Connally Loop and less than 5 minutes from Interstate 10. This well-connected site allows fantastic regional connectivity to employees and clients across the greater market area. Longer distance travel is also made quick and easy thanks to proximity to San Antonio International Airport, just 6.9 miles away.
As San Antonio’s premier office destination, the Northwest Submarket draws constant leasing attention from both growing businesses and institutional brands. This stable submarket enjoys stable vacancies, sitting at 10.6%, with rents rising 1.2% over the past 12 months. Currently, the construction pipeline in the area sits well below historical averages, creating outsized competition for premium office spaces like those at the Sovereign Drive Office Park.
Northwest San Antonio also serves as the epicenter of the region’s healthcare system, with the South Texas Medical Center reachable in less than 1 mile from the subject property. This 900+ acre medical hub delivers added support for a wide range of healthcare-industry tenants with referral and partnership opportunities from major institutions, including UT Health San Antonio, Methodist Hospital, and University Health.
Don’t miss this incredible opportunity to claim an income-producing office investment in one of the most sought-after commercial hubs in South Texas.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Sale Type | Investment |
| Type of Ownership | Fee Simple | Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| San Antonio, TX 78229 | Office | 30,352 SF | 1975 |
| San Antonio, TX 78229 | Office | 29,572 SF | 1975 |
| San Antonio, TX 78229 | Office | 26,525 SF | 1975 |
Sale Advisors
Sale Advisors
Cody Payne
Cody Payne is Senior Vice President at Colliers International in Fort Worth, Texas and specializes in selling Office and Industrial investment properties in the Dallas/Fort Worth market. Over the past 18 years, Cody and his team have closed more than 850 commercial real estate transactions. Combined with Colliers International Platform and Cody’s extensive knowledge and expertise of leasing, management, market conditions and business, The Payne Office & Industrial Team provides their clients and investors the opportunity to maximize value while creating a competitive advantage that yields the best results. Prior to joining Colliers International, Cody worked at Marcus & Millichap and Sperry Van Ness/Dunn Commercial for over 10 years, where he specialized in Office and Industrial investment sales, management and leasing. While there, Cody had a very successful and prominent leasing team of highly experienced and transactional agents. Through Cody’s leadership and direction, the team grew the company’s portfolio to actively leasing over 40 buildings. Cody has extensive experience in the Office and Industrial leasing sector having worked with many major companies from Local/Regional to Fortune 500 companies and GSA leases.
Michael Tran, Managing Principal
Michael Tran is the Co-Founder and Managing Principal of Flex Parks USA, where he leads the company’s mission to shape the future of industrial parks through advisory, investment sales, and development. With more than a decade in commercial real estate and over 1,000 completed transactions, Michael has become a recognized leader in small-bay and flex industrial investment sales. His career includes being top commercial broker from 2018–2024 and setting 40+ market sales records across United States.
Michael is focused on elevating flex industrial from an overlooked niche to a nationally recognized asset class. His strengths in market analysis, investment sales, technology-enabled data mapping, negotiation, and relationship-centered execution guide the Flex Parks USA ecosystem and the clients it serves.
Grounded in the belief that excellence compounds through data and relationships, Michael brings a forward-looking perspective to every project, partnership, and development initiative within Flex Parks USA.
Outside of work Michael enjoys time on the tennis and pádel court, hosting his podcast: Serving Bagels, and spending time with his family.
Michael is focused on elevating flex industrial from an overlooked niche to a nationally recognized asset class. His strengths in market analysis, investment sales, technology-enabled data mapping, negotiation, and relationship-centered execution guide the Flex Parks USA ecosystem and the clients it serves.
Grounded in the belief that excellence compounds through data and relationships, Michael brings a forward-looking perspective to every project, partnership, and development initiative within Flex Parks USA.
Outside of work Michael enjoys time on the tennis and pádel court, hosting his podcast: Serving Bagels, and spending time with his family.
About Northwest San Antonio
Northwest San Antonio is the Alamo City’s premier office node. Boasting some of the best retail in all of San Antonio, as well as direct access to the University of Texas at San Antonio and the South Texas Medical Center, Northwest is often a tenant’s first choice when looking for space across San Antonio. The South Texas Medical Center is San Antonio’s leading hospital, ranking sixth across the State of Texas by U.S. News and World Report.
Bisected by Interstate 410, Loop 1604, and Interstate 10, the area is one of the most well-connected across the entire San Antonio market and offers easy commutes to Downtown San Antonio and the San Antonio International Airport. Nearby retail centers including La Cantera and the Rim give office workers plenty of popular lunch options.
It’s also the area that major employers like USAA and Valero call home. USAA’s campus is one of the largest in the country and is one of the driving factors for the explosion in apartment construction across the node. In fact, more than 10,000 apartment units have been built here since 2010, which should continue to attract office tenants to Northwest San Antonio across a diverse range of industries.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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Cody Payne -
Michael Tran -
Flex Parks USA
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Portfolio for Auction
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