Davis Healthcare Pays $24M for UTSA Medical Building
Davis Healthcare Real Estate acquired the two-story UT (University of Texas) Health & Wellness Center in San Antonio. Davis Medical Investors acquired the building in an off-market transaction for $24.3 million or $332/SF.
The 73,390-square-foot UT Health & Wellness Center is located at 5788 Eckhert Road. The building, formally leased to the VA, was originally developed in 1998 and went through a comprehensive renovation program by the previous owner in 2022. It is fully leased to the University of Texas Health System who view this as a strategic location for the future.
Stewart Davis from Davis Healthcare Real Estate said, “The building, located across the street from the fast-growing medical corridor in Northwest San Antonio, represents a great addition to our fund because of the credit worthiness and market presence of the tenant, the length of the lease term and the ability to immediately achieve scale in this market.”
The UT Health & Wellness Center is located in the heart of the 900-acre South Texas Medical Corridor.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.