Forum Offices | San Antonio, TX_Property for Sale
Forum Offices | San Antonio, TX_Property for Sale
8000 Ih-10 W, San Antonio, TX, 78219, US

Forum Offices | San Antonio, TX

Asset description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to purchase Forum Offices (the “Property”), a three building, 381,345 square foot, iconic office complex widely considered one of the preeminent office developments in San Antonio. Located on Interstate Highway 10 West in northwest San Antonio, the 86% leased office boasts an impressive 48% credit tenant lineup and a 3.6-year weighted average lease term. Forum Offices offers a unique opportunity to acquire a significant presence in the San Antonio market with cash preservation through a real estate asset which has maintained above 90% average occupancy over the past 15 years. Anchored with tenured tenancy, the Property provides investors future value creation in rolling the existing tenancy to market on a rent roll which is 13% below market and the flexibility to attract a larger tenant to occupy Centene’s former space in Building II (while maintaining cash flow security thru the existing lease term). The Properties are offered as a portfolio or sub-portfolio of Forum I & III and Forum II.  

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Attributes

Building area net
381,345 sf
Occupancy
86%
Year built
1983
Land area net
14.67 acres
WAULT
3.6 years
Buildings
3

Media

Investment highlights

-         Superior Tenancy and Long-Term Corporate Location

86% Leased Today / 48% Credit Tenancy / 14-year Average Tenant Tenure

-         Landmark Office Asset

Iconic San Antonio Tower / Top of Market Amenities

-         Secure San Antonio Office Market

Most Stable Sunbelt Office Market / #2 in Nation for White Collar Job Growth

-         Prestigious Location

Most Prominent Suburban Location / Immediate Access to IH-10 & Loops 410 & 1604

-         America’s Next Boomtown

Source: Forbes

Forum Offices | San Antonio, TX 4_Property for Sale
Forum Offices | San Antonio, TX 4_Property for Sale

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Forum Offices | San Antonio, TX (0 Properties)

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Last updated
May 16, 2024