Jones Lang LaSalle (“JLL”) is pleased to present to qualified investors an opportunity to acquire Southwest General Medical Outpatient Building (the “Property”), a 3-story, 28,649 square foot medical outpatient facility located in San Antonio’s South submarket. The Property is situated on campus at the former Texas Vista Hospital Campus (Steward). Southwest General is currently 56.3%leased to a diverse mix of clinical specialties, including CHRSTUS Children’s physical and occupational therapy clinic, which recently expanded its footprint at the building and is considering future expansions. Other specialties include cardiology, pain management, audiology, and traditional physical therapy.
Located approximately 15 minutes from downtown San Antonio, the South submarket is a rapidly developing, accessible region of the San Antonio MSA that is known for its connectivity and relative affordability. The South submarket is also home to the JBSA-Kelly Annex Air Force Base, which is part of the larger JBSA (Joint Base San Antonio) network that supports over 67,000 direct employees. With over 7,000 employees reporting directly to JBSA-Kelly Annex, and located just six miles from the Property, JBSA-Kelly Annex is a notable demand driver for the area.
Compelling Value-Add Opportunity
o Double the NOI within the first two years through Lease-Up of Existing Vacancy
Located 2.4 Miles From Port San Antonio
o 1,900-acre technology, aerospace, defense, and advanced manufacturing campus
Healthy Fundamentals of Medical Outpatient Buildings in Submarket
o 93% Average Occupancy
Desirable Building Features
o Abundant Proximate Surface Parking and Flexible Suite Sizes to Meet Tenant Demands
South San Antonio – A Booming Manufacturing Hub
o Large-scale investments from major corporations, including Toyota and JCB, are driving economic and employment growth in the area