REIT Sale | GSA Anchored | 196,348 SF | 33% Occupied

Investment Highlights:

• ±196,348 SF, 14-story office tower situated on a ±6.85-acre site in Northwest San Antonio near the South Texas Medical Center.
• Currently 33.8% leased with a government-oriented tenant roster, including the GSA Veterans Administration and the Board of Regents of The University of Texas System.
• Long-term anchor tenancy from the Veterans Administration, which occupies approximately 27% of the NRA and has maintained a longstanding presence at the Property.
• In-place rents below market, offering investors the opportunity to drive revenue through rollover, renewals, and mark-to-market leasing.
• Potential medical office repositioning due to its location less than 0.5 miles from the South Texas Medical Center, a major regional healthcare hub spanning more than 900 acres and includes 12 major hospitals and UT Health San Antonio.
• Strong physical plant and tenant amenities including a 4.9/1,000 parking ratio with 966 total spaces, on-site security, updated chillers, a freight elevator, and move-in-ready suites.

  
Offering Summary:

Cushman & Wakefield and Marcus & Millichap are pleased to present the opportunity to acquire One Technology Center, a ±196,348-square-foot, 14-story office tower located at 7411 John Smith Drive, in Northwest San Antonio along the I-10 corridor and adjacent to the South Texas Medical Center (the “Property”). The Property offers investors a compelling value-add opportunity supported by current cash flow and an established government-based tenant roster. The building has benefited greatly from being institutionally owned and maintained. With below-market in-place rents, strong parking, quality building systems, and proximity to one of San Antonio’s most important employment and healthcare nodes, the asset is well positioned for office or a potential medical office conversion.

Northwest San Antonio is one of the metro’s most established office and medical office corridors, anchored by the South Texas Medical Center, the I-10 corridor, and major regional employers including USAA. The submarket benefits from dense healthcare infrastructure, physician demand, and convenient access to Loop 410, IH-10, and surrounding residential growth, supporting continued tenant interest from medical, professional, and healthcare-adjacent users. Recent leasing and occupancy trends in the broader San Antonio office market have shown improvement, while the area’s healthcare ecosystem remains a major demand driver, led by institutions such as UT Health San Antonio, which reports a multibillion-dollar annual economic impact. Additionally, the Property is situated within an extremely dense trade area, serving approximately 143,757 residents within a three-mile radius and over 379,000 residents within a five-mile radius, with average household income exceeding $80,000. The population has experienced 3.85% growth from 2020-2024 with 5.03% growth expected to continue through 2029 within a five-mile radius.

Auctioneer: Lamar P. Fisher Fisher Auction Company Inc. License: 10344