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Auction - One Technology Center 7411 John Smith 196,348 SF 34% Leased 4-Star Office Building San Antonio, TX 78229 $2,762,400 CAD ($14.07 CAD/SF)
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.
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
A
LoopNet Rating
4 Star
Year Built/Renovated
1983/1996
Price
$2,762,400 CAD
Price Per SF
$14.07 CAD
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)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Conferencing Facility
- Food Service
- Property Manager on Site
- Security System
- Signage
- Central Heating
- Outdoor Seating
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Educational Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
UT Health San Antonio began as a health science center in 1959 and merged with UTSA in 2025. The institution operates six professional schools specializing in medicine, dentistry, and public health. Research initiatives include cancer therapies and neurological disorders. UT Health San Antonio provides comprehensive patient care through various clinics and hospitals, emphasizing community health improvement through education and medical advancements.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 17108-001-0230 | Improvements Assessment | $23,673,020 CAD |
| Land Assessment | $6,595,021 CAD | Total Assessment | $30,268,041 CAD |
Property Taxes
Parcel Number
17108-001-0230
Land Assessment
$6,595,021 CAD
Improvements Assessment
$23,673,020 CAD
Total Assessment
$30,268,041 CAD
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Auction - One Technology Center | 7411 John Smith
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