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.

Investment Highlights

• 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.