Landmark San Antonio Office Building for Sale

Thursday, August 10, 2017

Update: This property is no longer on the market. To view HFF's current real estate investment sales listings, click here.

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing One International Centre for sale. This commercial property for sale is a landmark, 301,169-square-foot, 15-story, Class A office building that is widely considered one of the preeminent office assets in San Antonio. With a current occupancy of 71 percent, One International Centre provides an immediate value-add opportunity through the lease-up of existing vacancy.

Situated on 4.27 acres at 100 Northeast Loop 410, One International Centre is in a strategic infill location at the intersection of Loop 410 and Highway 281 in San Antonio’s most sought-after submarket, North Central. The office property for sale is an ideal destination for corporate tenants. Frontage on two of the major transportation arteries of San Antonio offers best-in-class visibility and exceptional ingress/egress. Additionally, the commercial property offers immediate access to San Antonio International Airport, downtown San Antonio and affluent neighborhoods, including City of Castle Hills and Alamo Heights. There is more than five million square feet of retail space within a one-mile radius of the property, providing an unrivaled amenity base.

Office Building for Sale Investment Highlights

  • Value-Add Opportunity:  Currently 71 percent occupied, One International Centre offers an immediate value creation opportunity through the lease up of vacant space. Occupancy among competitive buildings within the North Central submarket is 91 percent, demonstrating proven market fundamentals and offering strong leasing opportunities relative to the competitive set. Attractive full-floor vacancies offer the largest contiguous spaces among the competitive set. Asset enhancement through cosmetic upgrades provide potential investors the ability to quickly reposition the property at the top of its competitive set and increase both occupancy and rental rates.
  • Landmark, “Top 10” Asset:  The iconic architecture of One International Centre has solidified the office building as one of the most renowned assets in the market. The commercial real estate for sale is a Class A office asset that has been maintained to institutional standards since completion. One International Centre features a sophisticated, corporate rent roll comprised of diverse industries including law, energy, healthcare, real estate and financial services.
  • Significant Barriers-to-Entry Locale and Below Replacement Cost:  The infill nature of the submarket creates tremendous barriers-to-entry, limiting additional competition within the submarket. There is currently no new product under construction in the submarket. The property presents investors an opportunity to purchase a Class A asset well below replacement cost with today’s estimated replacement cost nearing $350 per buildable foot. 
  • Flight to Quality:  Class A competitive buildings within the submarket have experienced impressive absorption as tenants look for centrally located, top-quality facilities. Recruitment and retention of talent continues to see companies locate in higher-quality assets as employees prefer best-in-class office space and amenities. Limited supply will continue to drive this trend.

One International Centre is a multi-tenant office building with a value-add component in an infill location that provides a value-add opportunity to acquire it at below replacement cost. For more information on this commercial property for sale or other office properties for sale in San Antonio, please contact John Taylor, Andrew Levy or Kelsey Roop. For information on financing this acquisition, please contact Robert Wooten. To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker. 

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