20880 STONE OAK PKWY San Antonio TX 78258-7460

CBRE is pleased to exclusively offer for sale the 3-story, 120,147-square-foot iHeartCommunications (“iHeart“) office building situated on 18.95 acres in San Antonio, TX (MSA Population: 2.7M). Commenced in 2015, iHeart‘s NNN lease features ±11.5 years of primary term remaining with 2% annual rent increases throughout the initial term and in each of the four 5-year renewal options. The site was originally constructed in 2002, and the interior of the building was remodeled in 2019, including new paint, carpet, and work stations.

The offering is positioned within the high-growth Far North Central office submarket of San Antonio, which is predominantly comprised of newer construction that appeals to today’s corporate user. Considered one of the area‘s primary growth corridors, the submarket has reaped the benefits of San Antonio’s northward growth and is centered along US 281, which provides direct access to the San Antonio International Airport and downtown San Antonio.

• Industry Leading Tenant: The tenant under the lease—iHeartCommunications, Inc.—is a wholly owned subsidiary of iHeartMedia, Inc. iHeartMedia, Inc. (NASDAQ: IHRT) is the #1 audio media company in the United States based on consumer reach, reaching over 90% of Americans every month.

• Highly Strategic Asset: Equipped with mission critical national infrastructure, the subject property—which can house up to 900 employees—currently serves as the company’s national support center. The first floor of the building is integral to the company’s operations with 50% being utilized as a mission critical data center that services iHeart’s national footprint. The remainder of the first-floor houses five radio studios and five control rooms, along with a reception area and office space for the radio sales and radio support teams (both local and regional). The entirety of the second and third floors are built out for general office purposes and are occupied by the following business units: legal, accounting, data, information technology, real estate, human resources, and risk management.

• Excellent Access & Visibility: Located roughly 16 miles north of downtown San Antonio, the property is positioned with excellent access and visibility off Stone Oak Parkway (15,845 VPD), just one block west of the on-ramp to U.S. Highway 281 (70,360 VPD).