Office

McAllister Plaza

9601 N Us Hwy, San Antonio, TX, 78216, US

McAllister Plaza_Property for Sale

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McAllister Plaza 2_Property for Sale

Asset description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to purchase McAllister Plaza (the “Building”), a 190,381 SF, twelve-story Class A office building located on US Highway 281, just north of Loop 410. Directly adjacent to the San Antonio International Airport, the Property is positioned in the heart of North Central San Antonio, one of the most desirable submarkets in the City to live, work, and play. Currently 89% occupied, McAllister Plaza presents investors with the unique opportunity to acquire a strong cash flowing office asset with significant room to add value and capitalize on potential upside in one of the most resilient cities in the Nation.

Attributes

Building area Net
190,567 sf
Occupancy
89.00%
Year built
1982
Land area Net
6.03 acres (262,667 sf)
Number of units
190,567 units

Investment highlights

89% leased building with 3.8 years WALT and diverse tenancy 

Substantial value-creation opportunities: via the lease up of the remaining vacancy (20,828 SF), strategic common area / building upgrades to increase rents, and converting all new leases or renewals to a NNN expense structure

Highly visible, irreplaceable location along US Highway 281 offering quick accessibility for tenants and visitors

Above market parking ratio (4.2:1,000 SF) allows for higher-density users

Recently renovated office tower with over $10M of capital investment by current ownership

In large part due to the presence of non-cyclical industries, San Antonio historically fares better than its counterpart cities during recessionary periods

McAllister Plaza 4_Property for Sale
McAllister Plaza 4_Property for Sale

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Last updated
Nov 30, 2022