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Highly Specialized Cancer Reference Lab 6918 Camp Bullis Rd
18,433 SF Office Building San Antonio, TX 78256 £11,846,293 (£643/SF) 7% Net Initial Yield
Investment Highlights
- PRICE REDUCED | Highly Specialized Lab Property | 15 Year Absolute NNN Lease & 3% Annual Rent Increases
- Very Attractive Demographics | $144K Average Household Incomes Within a 3 Mile Radius
- 8.68% Average Cap Rate Over the Initial Lease Term
- Located in the San Antonio MSA With a 2.5M+ Rapidly Expanding Population
- The Average Asking Rent for Life Science/Lab Properties in the U.S. as of Q4 2023 was Over $70/SF NNN
- Build-to-Suit for the Tenant in 2021
Executive Summary
The subject property totals 18,433 SF and it is situated just off of the I-10 Freeway, offering easy accessibility. The San Antonio MSA (2.5M+ population) is a rapidly growing area, with many people migrating to region in recent years due to its’ low cost of living and business friendly environment. The building’s submarket additionally offers very attractive demographics, with average household incomes exceeding $144K within a 3 mile radius of the subject property.
This property’s long term absolute NNN lease, the 8.68% average cap rate over the initial lease term, the highly specialized life science/lab tenancy and its' very attractive location make it an ideal investment for a national healthcare real estate investor or a private/1031 exchange buyer.
*If you return the attached CA to me I can forward you the financials and the full Dropbox DD link
Property Facts
Amenities
- Bio-Tech/ Lab Space
- Controlled Access
- Security System
- Signage
- Roof Lights
- Wheelchair Accessible
- Storage Space
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 18,433 SF
- £45.00
- NNN
- Oct 2031
CorePath Laboratories was founded in San Antonio, Texas as one of the few international laboratories with the ability to offer cancer cytogenetics, molecular genetics and multicolor flow cytometry services at one location, and they bring academic expertise, compassion and state of the art technology to help physicians help their patients and achieve the most accurate time-sensitive results for early treatment. Together, they are a highly-specialized team with a shared passion: “Caring for Lives.” CorePath encompasses the speed, accuracy and technology of commercial labs while cultivating an environment of learning and understanding that can only be found in university labs. Their hospital-based services fall into three main categories. Joining the CorePath family means enjoying great benefits, competitive pay and getting to live in San Antonio, one of the friendliest and fastest growing cities of America.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 18,433 SF | £45.00 | NNN | Oct 2031 |
PROPERTY TAXES
| Parcel Number | 14859-002-0010 | Improvements Assessment | £2,782,611 |
| Land Assessment | £503,679 | Total Assessment | £3,286,290 |
PROPERTY TAXES
-
Alex Vidal -
Timothy Speck -
Marcus & Millichap
Presented by
Highly Specialized Cancer Reference Lab | 6918 Camp Bullis Rd
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