Building 5 4242 Medical Dr Bureau 831 m² 100 % Loué À vendre San Antonio, TX 78229

Marcus & Millichap is pleased to present for sale 4242 Medical Drive building 5 in The Vistas, an office condominium park located in the South Texas Medical Center. The property has a gross building area of 8,946 square feet, and a net rentable area of 8,800 square feet. This property is strategically located off the intersection of Medical Drive and Fredericksburg Road, providing the benefit of being in the Medical Center without all the traffic. This location is situation a half mile south of Wurzbach Road and Fredericksburg Road and one and a half miles north of Medical Drive and Callaghan Road. These arterials are the primary ways of transportation through the South Texas Medical Center, offering owners and tenants convenient access in all directions.
The tenancy of the property produces over $160,000 in gross income. The property presents a value-add potential from an investment perspective as well as a great opportunity for an owner/user (once there is occupancy available). Current leases have three-year terms and are set to expire between mid-2026 and early 2027. Each lease includes a 10 percent rental rate increase upon exercising the first of three available three-year renewal options. Subsequent renewals also carry 10 percent rent escalations. Call Broker for more details.