Network Tech Center
- 84,505 square foot single-story office complex.
- Acquired in September 2015 at 79% occupancy.
- Located immediately off I-10 and proximate to South Texas Medical Center and USAA headquarters in Northwest San Antonio, TX.
- Business plan to renovate the building exterior, signage, and landscaping to improve property’s curb appeal, and aggressively lease the remaining vacancies.
- Financed with a long-term senior loan with prepayment flexibility.
- Implemented a $0.6m capital improvement program that included new landscaping and monument signage to appropriately brand the property and to build a couple large ‘spec suites’.
- Signed over 46,000 square feet of new lease and renewals.
- Increased occupancy to 97% and sold in September 2018.