Medical For Sale • 18,433 SF
PRICE REDUCED | Highly Specialized Lab Property | 15 Year Absolute NNN Lease & 3% Annual Rent Increases |
Located in the San Antonio MSA With a 2.5M+ Rapidly Expanding Population |
Very Attractive Demographics | $144K Average Household Incomes Within a 3 Mile Radius |
The Average Asking Rent for Life Science/Lab Properties in the U.S. as of Q4 2023 was Over $70/SF NNN |
8.68% Average Cap Rate Over the Initial Lease Term |
Build-to-Suit for the Tenant in 2021 |
Cap Rate: | 7.00 % |
Tenant | SF Occupied | Lease End Date |
---|---|---|
Core Path Laboratories | 18,433 SF | 10/31/2031 |
Airport | Drive | Walk | Distance |
---|---|---|---|
San Antonio International | 21 min | - | 15.2 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 92 |
Type: | Surface |
Included in Rent: | Yes |