Industrial & Logistics

University Park Tech Center V

6203 Farinon Dr San Antonio, Texas United States 78249
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2004
Building Area

Property Description

Jones Lang LaSalle (JLL) is pleased to offer the exclusive opportunity to purchase University Park Tech Center V, an 80,431 SF Biomedical Research & Development Facility located in San Antonio, TX. 100% leased to KCI-Acelity, a wholly owned subsidiary of 3M (NYSE: MMM, S&P: AA-), through January 2027, the property is a mission-critical, biomedical research and development facility focused on advanced wound care therapy solutions for patients worldwide. Located in Northwest San Antonio, one of the fastest growing submarkets in the city, University Park Tech Center V is positioned along Interstate 10 in an exceptional infill location catering to decision makers and employees alike by providing convenient drive times between desirable residential areas and popular entertainment destinations. Strengthened by the recent acquisition of KCI-Acelity by Fortune 500 Company, 3M, the powerhouse conglomerate has demonstrated long-term commitment to the Alamo City through their 16-year tenure at the property and substantial footprint that includes a corporate HQ and customer service center nearby, presenting potential investors with an impressive cash-flow opportunity at 40% below-market rates secured by investment-grade tenancy.

Investment Highlights

  • 6.1 years of remaining lease term
  • Mission critical biomedical research & development facility
  • 100% leased to KCI-Acelity (NYSE: MMM, S&P: AA-)
  • NNN lease
  • In-place rental rate ($12.39 PSF) is 40% below market rate of $17.50 PSF
  • 16-year tenure at property
  • Located in high-growth Northwest San Antonio 
Last Updated Date: 18 Nov 2020
John Taylor
John Taylor
Managing Director, Capital Markets
License details
TX-466052
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218

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Last Updated Date: 18 Nov 2020

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