$12.5 Million Office Building Hits the Market in San Antonio, TX

Shavano Center III, San Antonio, TX

Scott Ryan

SAN ANTONIO, TX – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that it is marketing for sale Shavano Center III, a 63,501-square-foot three-story office building in San Antonio. The $12.5 million listing price equates to $197 per square foot.

            Scott Ryan, an associate vice president investments in Marcus & Millichap’s Austin office, is representing the seller, a local developer.

            “Shavano Center III is stabilized at 100 percent occupancy,” says Ryan. “The property is an attractive, well-placed asset with a varied tenant mix and staggered rollover.”

            The building is set back slightly from Loop 1604 at 3619 Paesanos Parkway in San Antonio between Interstate Highway 10 and U.S. Highway 281. Retail and entertainment venues in the immediate vicinity include The Shops at La Cantera, The Westin Resort, The Rim and Six Flags Fiesta Texas.

            Built in 2007, Shavano Center III is situated in a 3.29-acre park-like setting landscaped with mature oak trees. The building features steel-frame construction and concrete tilt wall panels with stone veneer.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716