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140 Heimer RdSan Antonio, TX 78232
Northbrook Business Center
Asset ClassOffice, Industrial
# Buildings7
Square Feet: 105,601% Leased: 88.1%Land: 8.32 AcresAccess Data Room
overview of deal

Overview

Cushman & Wakefield is pleased to present to the market Northbrook Business Center, a seven building, 105,601 square foot, single story flex-office project in an infill North Central San Antonio location. The project is currently 88% leased offering healthy cashflows from a diverse base of tenants. The San Antonio flex-office market continues to experience rent growth which positions Northbrook for substantial NOI growth over the hold period.

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Investment Highlights

Stabilized, Single-Story Flex Office Opportunity

  • Existing diverse rent roll with the ability to lease to virtually any tenant type
  • Substantial leasing momentum with mark-to-market opportunity as the market improves
  • Small tenant profile of the property limits risk associated with any one tenant
  • Very low vacancy in peer projects in the North Central submarket
  • Ability to draft under new construction rents particularly with construction costs rapidly escalating
  • Proven track record of capturing medical tenants which can further drive rental rates and stability in the park

Strategic North Central Location

  • Premier location with direct access to US 281 and Wurzbach Parkway, providing exceptional access to all parts of the city
  • Less than one mile from the San Antonio International Airport
  • Within minutes of multiple dining and retail options and ideally situated between Loop 1604 and Loop 410, and adjacent to Wurzbach Parkway
  • Top location choice for executives due to proximity to desirable housing in Hill Country Village, Shavano Park, Alamo Heights and Stone Oak

Property Description

Description
Address
140 Heimer Road, San Antonio, TX 78229
Property Size
105,601 SF
Land Area
8.323 Acres
Year Built
1986
Occupancy
88.1%
Number of Buildings
Seven
Zoning
C-2; Commercial District
Parking
380 Spaces (3.60:1,000 NRSF)
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140 Heimer RdSan Antonio, TX 78232

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Listing provided by Revere CRE