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124 E Bandera Rd
Boerne, TX 78006

$1,995,000 USD

Medical Condo For Sale  •  5,400 SF

Property Details

  • Property Type Medical
  • Total Building Size 5,400 SF
  • Lot Size 1.6 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 6.30 %
  • Tenancy Single
  • Zoning C3
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101-104 Medical Office 5,400 SF $1,995,000 USD
  • Unit Size: 5,400 SF
  • Condo Use: Medical Office
  • Price: $1,995,000 USD
  • Sale Type: Investment
  • Price/SF: $369.44 USD
Description
Building 100 (Units 101-104) in this established and fully occupied condominium office park is for sale.

Sale Notes
This 5,400 SF building has been occupied by WellMed Medical Management since 2008. Their current lease expires at the end of 2028. They have a 5-year extension option at market rent. The average annual capitalization rate to the end of the current lease is about 6.3%.
Cap Rate: 6.30 %

Major Tenants

Tenant SF Occupied Lease End Date
WellMed 5,400 SF 12/1/2028

Public Transportation

AirportDriveWalkDistance
San Antonio International 35 min - 27.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 92
Type: Surface
Included in Rent: Yes
Jim Akin 210-496-7775 First American Commercial Property Group
Jim Akin 210-496-7775 First American Commercial Property Group