Investment Overview

Marcus & Millichap is please to exclusively offer for sale, the single tenant medical office building at 1622 Lockhill Selma (the "Property"). The Property sits in the heart of San Antonio's North Central submarket in the highly desirable incorporated city of Castle Hills. The building's exterior is a Mediterranean style design with Class A finish out throughout the interior, providing exceptional value for its current use as a med spa. The layout provides for 15 offices, 1 surgery room, 5 bathrooms, 3 storage rooms, 1 laundry room, 1 conference room and 2 breakrooms. The property also has a private courtyard at the rear of the building. Seller is offering both the business and real estate for sale. Prospective buyers can acquire both, the business only (business P&Ls available upon request) or the real estate only. Buyers acquiring just the real estate will have the benefit of acquiring the Property with a 10 year NNN lease in place at market rent with a 16 year business concern in place that has proven to be recession proof. The lease proforma contained herein analyzes the Property from an investor perspective, acquiring only the real estate, and holding for 10 years before executing on a disposition after renewing the tenant. Based on this analysis, the Property offers investors a strong IRR while returning over a 3X multiple on equity.