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1580 S Main StBoerne, TX 78006
Boerne Gateway
Asset ClassOffice, Healthcare Facility
Square Feet28,720
% Leased: 61%Land: 6.44 AcresAccess Data Room
overview of deal

Overview

Cushman & Wakefield is pleased to present to the market Boerne Gateway, a 28,720 square foot boutique office project in a rapidly growing market in the heart of Boerne, Texas. The project is currently 61% leased offering healthy cash flows and the strong opportunity to lease up the balance of the space. The vacancy in the project is made ready which limits tenant improvement cost and down time related to build out timeframe.

 

Boerne Gateway is ideally positioned for conversion to Medical office space or for purchase by a user buyer. The surplus land can be utilized for expanded parking or future development.

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Investment Highlights

Unique Medical/Office Opportunity with Additional Land

  • 61% leased with peer group occupancy of over 95% and limited new supply
  • 53% of the project is leased to medical users, offering inherent tenant stability
  • Additional land surrounding the project is available for expanded parking or future expansion
  • The project will be sold at significant discount to replacement cost in a high growth market
  • Proven track record of capturing medical tenants which can further drive rental rates and stability
  • Underserved medical and office market currently at sub 3% vacancy

Strategic Boerne Location

  • Premier location with direct access to IH-10 and Main Street, providing exceptional access to all parts of the city and key executive neighborhoods
  • Highly desirable Central Texas location, 30 minutes from San Antonio
  • Five minutes from Boerne’s vibrant and historic downtown
  • Top location choice for executives due to proximity to desirable housing in Fair Oaks, Codillera Ranch, Scenic Oaks and many others
  • High barriers to entry

Property Description

Description
Address
1580 S Main Street, Boerne, Texas 78006
Net Rentable Area
28,720 SF
Land Area
6.436 Acres
Parking
94 Spaces (3.27:1,000 NRSF)
Occupancy
61%
Zoning
C4: Regional Commercial
Year Built
2000
Floors
Three-Story
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1580 S Main StBoerne, TX 78006

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Listing provided by Revere CRE