Single-Tenant Office Medical
Highly Specialized Cancer Lab | 15 Year Absolute NNN Sale/Leaseback
6918 Camp Bullis Rd, San Antonio, TX 78256
Listing Price: $15,140,000
Investment Overview
Marcus & Millichap is pleased to present this highly specialized, single tenant, 15 year absolute NNN leased full-service cancer reference lab located at 6918 Camp Bullis Rd in San Antonio, TX. The project was a build-to-suit in 2021 for the tenant’s specific needs and the tenant will sign a sale/leaseback agreement with the buyer at the close of escrow. The average asking rent for life science/lab properties in the U.S. as of Q4 2023 was over $70/SF NNN.
The lab (founded in 2009) has over $2.6M of state-of-the art equipment located at the property and the building houses 50 total employees who work in a wide variety of hi-tech life science uses: Histology/Pathology, Cytogenetics, Molecular Genetics, Doctor’s Offices/Admin, Flow Cytometry & Fluorescence In Situ Hybridization (FISH).
Highly Specialized Cancer Lab | 15 Year Absolute NNN Sale/Leaseback
Investment Highlights
- Highly Specialized Cancer Lab | 15 Year Absolute NNN Lease & 3% Annual Rent Increases
- Build-to-Suit for the Tenant in 2021
- Located in the San Antonio MSA With a 2.5M+ Rapidly Expanding Population
- Very Attractive Demographics | $144K+ Average Household Incomes Within a 3 Mile Radius
- 8.68% Average Cap Rate Over the Initial Lease Term
- The Average Asking Rent for Life Science/Lab Properties in the U.S. as of Q4 2023 Was Over $70/SF NNN
Exclusively Listed By
Broker of Record
Financing By
Single-Tenant Office Medical
Highly Specialized Cancer Lab | 15 Year Absolute NNN Sale/Leaseback
Listing Price: $15,140,000
Investment Highlights
- Highly Specialized Cancer Lab | 15 Year Absolute NNN Lease & 3% Annual Rent Increases
- Build-to-Suit for the Tenant in 2021
- Located in the San Antonio MSA With a 2.5M+ Rapidly Expanding Population
- Very Attractive Demographics | $144K+ Average Household Incomes Within a 3 Mile Radius
- 8.68% Average Cap Rate Over the Initial Lease Term
- The Average Asking Rent for Life Science/Lab Properties in the U.S. as of Q4 2023 Was Over $70/SF NNN
Investment Overview
Marcus & Millichap is pleased to present this highly specialized, single tenant, 15 year absolute NNN leased full-service cancer reference lab located at 6918 Camp Bullis Rd in San Antonio, TX. The project was a build-to-suit in 2021 for the tenant’s specific needs and the tenant will sign a sale/leaseback agreement with the buyer at the close of escrow. The average asking rent for life science/lab properties in the U.S. as of Q4 2023 was over $70/SF NNN. The lab (founded in 2009) has over $2.6M of state-of-the art equipment located at the property and the building houses 50 total employees who work in a wide variety of hi-tech life science uses: Histology/Pathology, Cytogenetics, Molecular Genetics, Doctor’s Offices/Admin, Flow Cytometry & Fluorescence In Situ Hybridization (FISH).
Exclusively Listed By
Broker of Record
Financing By
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