Property History
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Marketing Description
Cushman & Wakefield’s Central Texas Capital Markets team has been retained as the exclusive marketing advisor for the disposition of Highpoint Executive Plaza, a 63,649 square foot, recently renovated garden office building located in Northwest San Antonio, in close proximity to the South Texas Medical Center. With an occupancy of 84%, the asset provides stable cash flows with an excellent value-add opportunity through lease up of existing vacancy and rolling in-place tenants to market rates.
Investment Highlights
- Limited near-term capital requirements for new owners with $975,000 spent on upgrades under current ownership in 2017
- Two-story, garden office building with surface parking and direct exterior access to tenant suites
- Building amenities include recently renovated central courtyard, 24-hour card key access, digital building directory and covered balconies
- Less than one mile from South Texas Medical Center providing a quality office alternative to tenants that need to be near the STMC but not on campus
- Excellent opportunity to continue to utilize the draw of the STMC and numerous other economic generators to expand tenant base
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