Lockhill Crossing | Sale

Younger Partners, as exclusive advisor, is pleased to present Lockhill Crossing, a modern, Class A suburban office asset in San Antonio's most established and strategically positioned Northwest submarket. Located along Loop 1604 at Lockhill-Selma Road, the Property offers exceptional regional accessibility and immediate proximity to La Cantera, The Rim, major employment centers, University of Texas San Antonio and a highly amenitized retail corridor. Completed in 15, the five-story building provides a well appointed office environment with efficient floor plates, strong parking and convenient access to San Antonio's major transportation nodes. Currently 86% leased, Lockhill Crossing presents a rare opportunity to acquire an institutional quality office asset at an attractive basis with meaningful embedded upside through strategic leasing initiatives, targeted capital improvements and proactive asset management.

Leased to an impressive roster of tenants, Lockhill Crossing has an established revenue stream that is diversified across a variety of industries. In the last 18 months, Lockhill Crossing has seen strong tenant demand and leasing activity that has proven the market’s resilience. With low hanging fruit in the lease up of the remaining vacancy and mark-to-market of near term expirations (average rent rate is 8% below market), Lockhill Crossing profiles as a value-add lite investment. Leased to more than twenty tenants, the building has an average suite size of just under 4,000 square feet. Positioned for small and mid-size office tenants, the building appeals to the broadest segment of the leasing market.