Medical Office Retains VIP Status With Investors

Specialty Surgery Center of San Antonio is a building constructed in 2003.

SAN ANTONIO, TX—As San Antonio’s population continues to grow, medical office properties ideally located around core medical districts that pull from all of the major health groups are especially attractive to investors. Four key medical office acquisitions, collectively totaling 72,776 square feet, found the healthcare real estate sweet spot for one local investor. The properties include two dermatology office buildings, one medical office building and one specialty surgical center. The dermatology offices include The Dermatology Association of San Antonio offices, located at 7832 Pat Booker Rd. and 18540 Sigma Rd., on the north and northwest sides of San Antonio. The two properties serve as the main office for the healthcare provider, collectively offering more than 36,000 square feet of medical office space to assist more than 133,000 residents living within a three-mile radius of the properties. The office on Pat Booker Road was constructed in 2008 and the office on Sigma Road was constructed in 2006. Located at 9157 Huebner Rd., the 18,212-square-foot Medical Center Ophthalmology Associates building was constructed in 2000. The property offers the more than 135,000 residents living within a three-mile radius access to the vision and eye care providers within. The Specialty Surgery Center of San Antonio , located at 5255 Prue Rd., is a 17,398-square-foot building constructed in 2003. The office is well located to serve nearly 300,000 residents living within five miles of the property. Inland Real Estate Acquisitions Inc. facilitated the acquisitions of the four medical office properties. Matthew Tice , senior vice president of Inland, facilitated the transactions on behalf of an Inland affiliate. “We are pleased to have purchased all four of these medical office properties, ideally located around core medical districts of San Antonio,” said Tice. “As San Antonio’s population continues to grow, these medical offices, that pull from all of the major health groups in the area, provide residents with convenient access to a variety of services to meet their healthcare needs.” To date, Inland Real Estate Acquisitions Inc. has facilitated more than $43 billion of purchases including retail centers, apartments and single-tenant properties. Tice tells GlobeSt.com: “This portfolio provided a diverse mix of three separate and distinct medical practices, all of which have signed long-term leases. The opportunity to purchase four assets with these characteristics, located in the growing San Antonio market, fit well within the parameters we are looking for when evaluating medical office properties.”