Plaza Towers
2 Office Properties in San Antonio, TX
INVESTMENT HIGHLIGHTS
- RETAIL-QUALITY VISIBILITY AND ACCESS
- SIGNIFICANT RECENT CAPITAL INVESTMENT
- STRONG NEAR- & INTERMEDIATE-TERM DEMOGRAPHIC TRENDS
- STRONG NEIGHBORHOOD OFFICE LOCATION
- COMPETITIVELY PRICED FOR SIGNIFICANT UPSIDE
EXECUTIVE SUMMARY
CBRE Capital Markets, as exclusive advisors, is pleased to present the opportunity to acquire the fee simple interest in Plaza Towers (the “Property”). Built in 1970, the
Property is comprised of two office buildings totaling 112,664 SF, including tenant conference rooms, ample surface parking, and efficient floorplates. Plaza Towers is 37% leased with 1.34 years of weighted average lease term, with several month-to-month tenants providing flexibility for future owners or developers. The Property has a 6.33 weighted average years-in-place for tenancy and in-place rents are 26% ($5.31) below market rate ($20 FSG). Prominently positioned on 4.05 acres and located in the Northeast submarket and minutes from San Antonio International Airport, the Property boasts superior visibility and access off Loop 410 with more than 30 restaurants within two miles. The offering is being made un-priced and on an “as-is, where-is” basis.
Property is comprised of two office buildings totaling 112,664 SF, including tenant conference rooms, ample surface parking, and efficient floorplates. Plaza Towers is 37% leased with 1.34 years of weighted average lease term, with several month-to-month tenants providing flexibility for future owners or developers. The Property has a 6.33 weighted average years-in-place for tenancy and in-place rents are 26% ($5.31) below market rate ($20 FSG). Prominently positioned on 4.05 acres and located in the Northeast submarket and minutes from San Antonio International Airport, the Property boasts superior visibility and access off Loop 410 with more than 30 restaurants within two miles. The offering is being made un-priced and on an “as-is, where-is” basis.
PROPERTY FACTS
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 119,387 SF |
| Total Land Area | 4.04 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
1802 Plaza
1802 NE Loop 410, San Antonio, TX 78217 |
Office | 64,512 SF | 1970 | - |
|
1800 Plaza
1800 NE Loop 410, San Antonio, TX 78217 |
Office | 54,875 SF | 1970 | - |
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