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Building 5 4242 Medical Dr 8,947 SF 100% Leased Office Building San Antonio, TX 78229 For Sale
INVESTMENT HIGHLIGHTS
- The Property Sits in a Master Planned Office Park Community
- Leases include a 10% Rent Escalation Upon Exercise of Renewal Option
- The Property is 100 Percent Occupied by Three Tenants, on Three-Year Leases that have been Recently Executed
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale 4242 Medical Drive building 5 in The Vistas, an office condominium park located in the South Texas Medical Center. The property has a gross building area of 8,946 square feet, and a net rentable area of 8,800 square feet. This property is strategically located off the intersection of Medical Drive and Fredericksburg Road, providing the benefit of being in the Medical Center without all the traffic. This location is situation a half mile south of Wurzbach Road and Fredericksburg Road and one and a half miles north of Medical Drive and Callaghan Road. These arterials are the primary ways of transportation through the South Texas Medical Center, offering owners and tenants convenient access in all directions.
The tenancy of the property produces over $160,000 in gross income. The property presents a value-add potential from an investment perspective as well as a great opportunity for an owner/user (once there is occupancy available). Current leases have three-year terms and are set to expire between mid-2026 and early 2027. Each lease includes a 10 percent rental rate increase upon exercising the first of three available three-year renewal options. Subsequent renewals also carry 10 percent rent escalations. Call Broker for more details.
The tenancy of the property produces over $160,000 in gross income. The property presents a value-add potential from an investment perspective as well as a great opportunity for an owner/user (once there is occupancy available). Current leases have three-year terms and are set to expire between mid-2026 and early 2027. Each lease includes a 10 percent rental rate increase upon exercising the first of three available three-year renewal options. Subsequent renewals also carry 10 percent rent escalations. Call Broker for more details.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,947 SF
Building Class
B
Year Built
1985
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,473 SF
Slab To Slab
12’
Building FAR
1.87
Lot Size
0.11 AC
Zoning
C-2 PUD - Commercial District Planned Unit Development
Parking
31 Spaces (3.5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 11622-000-0300 | Improvements Assessment | $1,280,214 CAD |
| Land Assessment | $63,058 CAD | Total Assessment | $1,343,272 CAD |
PROPERTY TAXES
Parcel Number
11622-000-0300
Land Assessment
$63,058 CAD
Improvements Assessment
$1,280,214 CAD
Total Assessment
$1,343,272 CAD
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Building 5 | 4242 Medical Dr
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