callaghan tower office for lease - loopnet€¦ · callaghan tower 8023 vantage, san antonio, texas...

210 524 40008023 Vantage Dr, Suite 1200

San Antonio TX 78230reocsanantonio.comSAN ANTONIO

R E O C

Callaghan Tower8023 Vantage, San Antonio, Texas 78230 Office for Lease

Brian D. Harris, CCIMPresident, PartnerDirect Line 210 524 [email protected]

Open Space Spec Suites Immediately Available

Kimberly S. GatleySenior Vice PresidentDirect Line 210 524 [email protected]



210 524 4000

SAN ANTONIOR E O C Table of Contents

© 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.

SECTION 1 Maps

SECTION 2 Photos

SECTION 3 Benefits

SECTION 4 Capital Improvements

SECTION 5 Quote Sheet

SECTION 6 San Antonio Overview

SECTION 7 Office Market Snapshot

SECTION 8 TREC Agency Disclosure



210 524 4000

SAN ANTONIOR E O C City Location Map



210 524 4000

SAN ANTONIOR E O C Area Location Map



210 524 4000

SAN ANTONIOR E O C Aerial Map



210 524 4000

SAN ANTONIOR E O C Site Aerial



210 524 4000

SAN ANTONIOR E O C Vehicular Circulation - Ingress



210 524 4000

SAN ANTONIOR E O C Vehicular Circulation - Egress



210 524 4000

SAN ANTONIOR E O C Vehicular Circulation - Site



210 524 4000

SAN ANTONIOR E O C Oblique Aerial Photo



210 524 4000

SAN ANTONIOR E O C Photos



210 524 4000

SAN ANTONIOR E O C 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.



210 524 4000

SAN ANTONIOR E O C 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



210 524 4000

SAN ANTONIOR E O C Quote Sheet

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.

Square Footage Largest Available Area 15,482Available 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 $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)

First Month’s Rental Due upon execution of lease document by Tenant

Triple Net Estimated at $8.63 per rentable square foot annually

Add-On Factor 18.50%

Term Five (5) to ten (10) years

Improvements Negotiable

Architectural All architectural services to be charged against the Improvement Allowance

Deposit Equal to one (1) month’s Base Rental (typical)

Financial Information Required prior to submission of lease document by Landlord

Parking 1:285 per rentable square foot parking ratio (All structured parking)

Disclosure A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Landlord’s leasing representative.



210 524 4000

SAN ANTONIOR E O C San Antonio Overview

Largest U.S. Cities

1 New York2 Los Angeles3 Chicago4 Houston5 Philadelphia6 Phoenix7 San Antonio8 San Diego9 Dallas10 San Jose

Ethnicity

Black Alone

American Indian Alone

Asian Alone

Some Other Race Alone

Two or More Races

White Alone

74.2%7%

0.8%

12%

3.5%

2.3%

Hispanic Origin (Any Race)

Non-Hispanic

45%

55%

San Antonio-New Braunfels Metro Area

Pop

ulat

ion

Med

ian

Age

Tota

l Hou

seho

lds

Avg

. Hou

seho

ld In

com

e

Med

ian

Hou

seho

ld In

com

e

Per

Cap

ita In

com

e

1,711,703

2,142,508

2,318,052

2,524,054

2000 Census

2010 Census

2015 Estimate

2020 Projection

32.9

34.1

34.8

35.6

601,265

763,022

829,834

906,792

$51,426

$62,458

$72,664

$82,673

2000 Census

2010 Census

2015 Estimate

2020 Projection

$39,029

$50,146

$52,913

$60,771

$18,443

$22,135

$26,383

$30,048

Sources: U.S. Census; ESRI 2015 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2015 & 2020; Fortune 2015 Rankings

Austin80 miles

Dallas280 miles

Houston200 miles

Corpus Christi145 miles

Laredo/Nvo. Laredo 150 miles

Mexico City900 miles

San Antonio

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

In Billions

$0 $5 $10 $15 $20 $25 $30

Manufacturing

Health Care & Bioscience

Finance

Real Estate & Construction

Military

Hospitality/Tourism

Major Industries

Finance

Real Estate & Construction

Military

Hospitality & Tourism

Health Care & Bioscience

Manufacturing

$0 $5 $10 $15 $20 $25 $30

1 Valero Energy 13

2 Tesoro Corp 77

3 USAA 122

4 CST Brands, Inc 277

5 iHeart Media 429

6 NuStar Energy 741

Fortune 500 CompaniesSAT USRankings



210 524 4000

SAN ANTONIOR E O C Office Market Snapshot - 2Q 2017

REOC San Antonio I 8023 Vantage Dr, Suite 1200 I San Antonio TX 78230 I 210 524 4000 I www.reocsanantonioblog.com

REOC San AntonioSan Antonio Office ReportSecond Quarter 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 ClassesInventory 30,404,831 30,269,523 Inventory 5,195,306 5,863,137 Inventory 25,209,525 24,406,386Direct 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 $22.162Q Absorption 248,816 234,545 2Q Absorption 29,024 70,394 2Q Absorption 219,792 164,151YTD 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 SpaceInventory 11,721,630 10,981,747 Inventory 2,002,381 2,002,381 Inventory 9,719,249 8,979,366Direct 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 $26.232Q Absorption (14,407) 121,006 2Q Absorption 7,989 13,820 2Q Absorption (22,396) 107,186YTD 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 SpaceInventory 15,587,784 15,893,316 Inventory 2,398,505 2,884,113 Inventory 13,189,279 13,009,203Direct 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 $20.252Q Absorption 235,085 117,700 2Q Absorption 15,216 51,345 2Q Absorption 219,869 66,355YTD 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 SpaceInventory 3,095,417 3,394,460 Inventory 794,420 976,643 Inventory 2,300,997 2,417,817Direct 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 $16.542Q 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.

8023 Vantage Dr., Suite 1200 Kimberly S. GatleySan Antonio, TX 78230 Sr. Vice President & Director of ResearchP 210 524 4000 I F 210 524 4029 [email protected]

www.reocsanantonioblog.com

San Antonio Office ReportSecond Quarter 2017

REOC General Partner, LLC

493853

[email protected]

N/A

Brian Dale Harris

405243

[email protected]

N/A

N/A

N/A

N/A

N/A

Brian Dale Harris

405243

[email protected]

N/A

REOC San A

ntonio, 8023 Vantage D

r. Suite 1200 San Antonio, TX

782302105244000

2105244029Blake Bonner

IABS Form

callaghan tower office for lease - loopnet€¦ · callaghan tower 8023 vantage, san antonio, texas...

Documents