151 Stagecoach TrlSan Marcos, TX 78666

For Sale
$8,450,000

Class A Medical Office Building, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity in San Marcos, Texas. This 24,574 square foot, two-story Class A medical office building, constructed in 2019, boasts a 7.75% cap rate and is 100% leased to five credit tenants. The property is anchored by Baptist Healthcare Network, a prominent regional healthcare system with over 100 locations, ensuring strong and stable cash flow. The building enjoys a prime location at 151 Stagecoach Trail, offering easy access to affluent Southwest San Marcos neighborhoods and the rest of the city via major roadways. The thriving San Marcos market features a 93% occupancy rate in this competitive submarket, and benefits from a population of 73,644 and an average annual growth of 3.5%. Further enhancing its value, a 2.2-acre adjacent parcel is included, zoned and serviced for future development, presenting significant expansion potential. The property's proximity to Texas State University, with its 35,000+ students, adds to its long-term appeal. The asking price is $8,450,000, translating to $343.86 per square foot. This property is situated on a 2.4-acre lot and is zoned General Commercial (GC). This is a rare opportunity to acquire a high-performing, fully leased medical office building with significant upside potential in a rapidly growing Texas market.

Highlights

  • Fully leased to five credit tenants.
  • Anchored by Baptist Healthcare Network, a major regional healthcare system.
  • Strong submarket with 93% occupancy.
  • Adjacent 2.2-acre parcel available for future development.
  • San Marcos, TX population: 73,644, with 3.5% average annual growth.
  • Located near Texas State University (35,000+ students).

Property Details for 151 Stagecoach Trl

Property type
Other office properties, Medical offices
Square Feet
24,574 SF
Class
A
Year Built
2019
Stories
2
Lot Size (sq. ft)
104,544 SF

Location Insight

City
San Marcos
County
Hays
State
Texas
Latitude
29.8635671
Longitude
-97.9653953
151 Stagecoach Trl, San Marcos, Texas

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151 Stagecoach Trl
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