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4455 Horizon Hill Blvd - Veteran Affairs Inpatient/Outpatient Clinic

29,556 SF Health Care Building Offered at $8,426,727 CAD at a 8.75% Cap Rate in San Antonio, TX 78229

Executive Summary

The Ficke Team of Colliers is pleased to present to qualified investors the South Texas Highlights Veterans Healthcare System Villa Serena (VA) located at 4455 Horizon Hill Boulevard in San Antonio, Texas. Originally built in 1997, the VA just invested over $1.45 million in tenant improvements to upgrade new flooring, paint, cabinets, security and surveillance systems, which are just some of the improvements completed, illustrating the VAs commitment to this location. This facility consists of 29,556 rentable square feet on two floors with 50 parking spaces and is situated on 2.61 acres. The VA lease requires the tenant to pay direct for Janitorial, Landscaping, and Utilities. The current lease expires April 30, 2027.
Part of the South Texas Veteran Health Care System, Villa Serena offers help for Veterans with chronic mental illness or substance abuse addictions by providing inpatient and outpatient treatments. San Antonio is home to nearly 100,000 military Veterans. This makes up around 9% of the city’s population. The number of Veterans in San Antonio has grown by almost 20% since 2000. This Veterans Affairs domiciliary offers investors an opportunity to acquire a facility tailored to the VAs specifications, offering stabilized cash flow guaranteed by the U.S. Government (S&P AA+ credit rating).
San Antonio is a city in and the county seat of Bexar County, Texas. The city is the seventh-most populous in the United States, the second-largest in the Southern United States, and the second-most populous in Texas after Houston. It is the 17thmost populous city in North America, with 1,434,625 residents as of 2020. Downtown San Antonio and Downtown Austin are approximately 80 miles apart, both falling along the Interstate 35 corridor. Some observers expect the two metropolitan regions to form a new metroplex similar to Dallas and Fort Worth.

Property Facts

Price $8,426,727 CAD
Price Per Bed $421,336 CAD
Sale Type Investment
Cap Rate 8.75%
Property Type Health Care
Property Subtype Hospital
Building Class B
Lot Size 2.61 AC
Building Size 29,556 SF
No. Beds 20
No. Stories 2
Year Built 1997
Parking Ratio 1.18/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17456-003-0040
Land Assessment
$1,432,098 CAD
Improvements Assessment
$5,796,999 CAD
Total Assessment
$7,229,097 CAD
  • Listing ID: 30176652

  • Date on Market: 2023-11-28

  • Last Updated:

  • Address: 4455 Horizon Hill Blvd, San Antonio, TX 78229

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