Callaghan Tower 8023 Vantage, San Antonio, Texas 78230 Office for Lease Open Space Spec Suites Immediately Available R E O C 8023 Vantage Dr, Suite 1200 San Antonio TX 78230 reocsanantonio.com
Table of Contents SECTION 1 SECTION 2 SECTION 3 SECTION 4 SECTION 5 SECTION 6 SECTION 7 SECTION 8 Maps Photos Benefits Capital Improvements Quote Sheet San Antonio Overview Office Market Snapshot TREC Agency Disclosure 2015 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market.
City Location Map
Area Location Map
Aerial Map
Aerial Map
Site Aerial
Vehicular Circulation - Ingress
Vehicular Circulation - Egress
Vehicular Circulation - Site
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Benefits Property Highlights Spec-suites immediately available Two conference facilities available One of the city s premier office properties Panoramic cityscape and hill country views Full service cafe Located minutes from downtown and the airport Seven level parking garage Ownership and management on-site On-site Courtesy Patrol & CCTV Variety of space options Located in the dynamic northwest office market Over 50 restaurants within two miles Over 30 hotels within two miles including the Omni Hotel and the Drury Inn & Suites Drive Time Highlights South Texas Medical Center - 1.7 miles (5 minute drive) Downtown San Antonio - 7.7 miles (10 minute drive) The Shops at La Cantera - 8 miles (14 minute drive) The Quarry Market - 6.5 miles (12 minute drive) Westover Hills - 16 miles (22 minute drive) Corporate Users Nearby USAA Corporation Valero NuStar KB Homes South Texas Medical Center NSA Facility REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.
Capital Improvements Multi-million dollar capital improvement project completed! $3.9 Million Completed Improvement Projects Elevator Modernization $1,350,000 New Cooling Towers & Chiller $852,100 Remodel Restrooms $1,200,000 Lighting Retrofit throughout $138,500 Waterproofing Balconies $59,600 Upgrade Energy Management System $42,500 New Illuminated Pylon Sign $27,000 New Card Access System $15,300 Touch Screen Directory $12,000 New Lobby Furniture $4,000 Remodel Concierge Station $3,900 Additional Repairs & Improvements $35,500 Lobby Renovation $133,500 Atrium Glass Replacement $51,850
Quote Sheet Square Footage Largest Available Area 15,482 Available Largest Contiguous Area 15,482 Smallest Available Space 1,071 Smallest Divisible Area 1,071 Typical Floor (Approx.) 12,000 (Note: All above figures in Rentable Square Feet) Base Rental First Month s Rental Triple Net $15.00 per rentable square foot, Triple Net (with $0.50 annual increases) (Note: Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, the credit worthiness of tenant, condition of space leased, term of lease and other factors deemed important by the Landlord) Due upon execution of lease document by Tenant Estimated at $8.63 per rentable square foot annually Add-On Factor 18.50% Term Improvements Architectural Deposit Financial Information Parking Disclosure Five (5) to ten (10) years Negotiable All architectural services to be charged against the Improvement Allowance Equal to one (1) month s Base Rental (typical) Required prior to submission of lease document by Landlord 1:285 per rentable square foot parking ratio (All structured parking) A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Landlord s leasing representative. Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, credit worthiness of tenant, condition of space leased, leasehold input allowances, term of lease and other factors deemed important by the Landlord. This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior leasing or withdrawal without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied.
San Antonio Overview Largest U.S. Cities San Antonio-New Braunfels Metro Area Ethnicity 1 New York 2 Los Angeles 3 Chicago 4 Houston 5 Philadelphia 6 Phoenix 7 San Antonio 8 San Diego 9 Dallas 10 San Jose 2000 Census 2010 Census 2015 Estimate 2020 Projection 2000 Census 2010 Census 2015 Estimate 2020 Projection Avg. Household Income Population 1,711,703 2,142,508 2,318,052 2,524,054 $51,426 $62,458 $72,664 $82,673 Median Household Income Median Age 32.9 34.1 34.8 35.6 $39,029 $50,146 $52,913 $60,771 Total Households Per Capita Income 601,265 763,022 829,834 906,792 $18,443 $22,135 $26,383 $30,048 74.2% 7% 0.8% 2.3% 12% 3.5% Black Alone American Indian Alone Asian Alone Some Other Race Alone Two or More Races White Alone 45% Dallas 280 miles Mexico City 900 miles Austin 80 miles San Antonio Corpus Laredo/ Christi Nvo. Laredo 145 miles 150 miles Houston 200 miles Located in South Central Texas within Bexar County, San Antonio occupies approximately 504 square miles. Situated about 140 miles north of the Gulf of Mexico where the Gulf Coastal Plain and Texas Hill Country meet. Major Industries Hospitality Hospitality/Tourism & Military Real Estate Real Estate & Construction & Finance Health Care Health & Care Bioscience & Manufacturing $0 $5 $10 $15 $20 $25 $30 In Billions Sources: U.S. Census; ESRI 2015 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2015 & 2020; Fortune 2015 Rankings 55% Hispanic Origin (Any Race) Non-Hispanic Fortune 500 Companies SAT Rankings US 1 Valero Energy 13 2 Tesoro Corp 77 3 USAA 122 4 CST Brands, Inc 277 5 iheart Media 429 6 NuStar Energy 741
Office Market Snapshot - 2Q 2017 Citywide Central Business District Suburban (Non-CBD) 2Q 2017 2Q 2016 2Q 2017 2Q 2016 2Q 2017 2Q 2016 All Classes All Classes All Classes Inventory 30,404,831 30,269,523 Inventory 5,195,306 5,863,137 Inventory 25,209,525 24,406,386 Direct Vacant 4,582,606 5,450,920 Direct Vacant 824,455 1,541,977 Direct Vacant 3,758,151 3,908,943 %Vacant 15.1% 18.0% %Vacant 15.9% 26.3% %Vacant 14.9% 16.0% Average Rent $23.55 $22.08 Average Rent $20.94 $21.81 Average Rent $24.08 $22.16 2Q Absorption 248,816 234,545 2Q Absorption 29,024 70,394 2Q Absorption 219,792 164,151 YTD Absorption 207,116 234,545 YTD Absorption 9,184 70,394 YTD Absorption 197,932 164,151 Class A Space Class A Space Class A Space Inventory 11,721,630 10,981,747 Inventory 2,002,381 2,002,381 Inventory 9,719,249 8,979,366 Direct Vacant 1,678,908 1,510,147 Direct Vacant 229,860 249,874 Direct Vacant 1,449,048 1,260,273 %Vacant 14.3% 13.8% %Vacant 11.5% 12.5% %Vacant 14.9% 14.0% Average Rent $28.02 $26.80 Average Rent $25.95 $28.11 Average Rent $28.37 $26.23 2Q Absorption (14,407) 121,006 2Q Absorption 7,989 13,820 2Q Absorption (22,396) 107,186 YTD Absorption (39,692) 121,006 YTD Absorption (11,941) 13,820 YTD Absorption (27,751) 107,186 Class B Space Class B Space Class B Space Inventory 15,587,784 15,893,316 Inventory 2,398,505 2,884,113 Inventory 13,189,279 13,009,203 Direct Vacant 2,358,106 3,117,936 Direct Vacant 395,297 952,125 Direct Vacant 1,962,809 2,165,811 %Vacant 15.1% 19.6% %Vacant 16.5% 33.0% %Vacant 14.9% 16.6% Average Rent $20.84 $20.19 Average Rent $18.64 $21.69 Average Rent $21.25 $20.25 2Q Absorption 235,085 117,700 2Q Absorption 15,216 51,345 2Q Absorption 219,869 66,355 YTD Absorption 227,422 117,700 YTD Absorption 28,385 51,345 YTD Absorption 199,037 66,355 Class C Space Class C Space Class C Space Inventory 3,095,417 3,394,460 Inventory 794,420 976,643 Inventory 2,300,997 2,417,817 Direct Vacant 545,592 822,837 Direct Vacant 199,298 339,978 Direct Vacant 346,294 482,859 %Vacant 17.6% 24.2% %Vacant 25.1% 34.8% %Vacant 15.0% 20.0% Average Rent $16.60 $16.66 Average Rent $16.27 $16.79 Average Rent $16.79 $16.54 2Q Absorption 28,138 (4,161) 2Q Absorption 5,819 5,229 2Q Absorption 22,319 (9,390) YTD Absorption 19,386 (4,161) YTD Absorption (7,260) 5,229 YTD Absorption 26,646 (9,390) Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Office Advisory Board. Statistical Information is calculated for multi-tenant office bldgs 20,000 sf and larger (excluding Single-Tenant, Owner-Occupied, Gov't and Medical Buildings). Rental rates reflect non-weighted strict average asking rental rates quoted on an annual full-service basis. Rents quoted on a non-full-service basis (such as NNN) have been calculated up to reflect the full-service rate.
REOC General Partner, LLC 493853 N/A Brian Dale Harris 405243 N/A N/A N/A N/A N/A Brian Dale Harris 405243 N/A REOC San Antonio, 8023 Vantage Dr. Suite 1200 San Antonio, TX 78230 2105244000 2105244029 Blake Bonner IABS Form