Sonterra Medical Park Checks all Boxes for Medical Office Investors

Stream Realty Partners recently disposed of a 117,597-square-foot class-A medical office park in San Antonio. The three-building Sonterra Medical Park portfolio is 93 percent leased to a variety of tenants representing diverse medical specialties including larger anchor tenants in the fields of oncology, radiology and orthopedics.

Located at the intersection of E. Sonterra Boulevard and Stone Oak Parkway near Loop 1604, the Sonterra Medical Park was completed in 2004. Comprised of three two-story medical office buildings, the property is adjacent to North Central Baptist Hospital, operated by Baptist Health System, part of Tenet Healthcare Corporation and Methodist Hospital Stone Oak, part of HCA Healthcare. The proximity to these major hospital campuses and affluent demographic of northern San Antonio makes Sonterra Medical Park a prime location for medical office tenants.

Travis Ives and Gino Lollio of Cushman & Wakefield’s healthcare capital markets team collaborated with Todd Mills, Carrie Caesar and Hunter Mills of Cushman & Wakefield’s Central Texas capital markets team on the assignment.

“Sonterra Medical Park checked all the boxes medical office investors are looking for: proximity to major hospital campuses, a synergistic mix of strong medical tenancy and the right combination of a dependable income stream with opportunities for growth over time,” said Ives. “We were not surprised to see the level of interest in the property given the amount of capital chasing medical office at this time. We’re seeing unprecedented pricing for assets like Sonterra all over the country right now.”