GM Financial’s Servicing Center Trades Hands
Radler Enterprises of Houston acquired General Motors Financial’s San Antonio servicing center, a 100,260-square-foot, Class A office at 3302 N. Ellison Dr. SRP Office Holdings I LLC, based in San Antonio, sold the asset for an undisclosed price, with CBRE’s Gary Carr and John Alvarado, and Cushman & Wakefield’s Todd Mills and Hunter Mills representing the seller in the transaction. The property’s market value is $13 million.
Completed in 2017 and situated on 13.8 acres, the property is leased through April 2027. The building is in the master-planned community of Western Hills in San Antonio’s northwest market, and includes a full-service cafeteria, outdoor patio, conference rooms, a fitness center, wellness clinic and wooded walking/running trail.
“This is a very unique investment that offered significant credit and new-construction quality in the dynamic and highly sought-after San Antonio office market,” Alvarado said.
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