Big Sky Medical Acquires Prime Medical Outpatient Building in San Antonio's Alamo Heights
July 09 2024 - 7:30AM
Big Sky Medical, a leading healthcare real estate investment firm,
today announced the acquisition of Sunset at Treeline, a
cutting-edge medical outpatient building in San Antonio's
prestigious Alamo Heights neighborhood.
The off-market transaction secures a
strategically located property adjacent to the CHRISTUS Santa Rosa
Alamo Heights campus, with high visibility along Highway 281.
Completed in 2020, this Class A medical outpatient building (MOB)
exemplifies modern healthcare real estate design and
functionality.
Key highlights of the acquisition include:
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Four-story, 2.03-acre property featuring state-of-the-art medical
outpatient space
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Concrete tilt-up panel construction with desirable floor-to-ceiling
windows
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Indoor and outdoor parking options, plus an attractive patio
balcony
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100% occupancy with a diverse mix of eight multi-specialty
physician groups
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Prime visibility from McAllister Freeway and Sunset Road
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Located in San Antonio's most affluent submarket, 8 miles north of
downtown
"Big Sky is making the best of a challenging
market. We remain poised to take advantage of inefficiencies and
opportunities that arise in the midst of market-wide price
discovery and are working on some exciting initiatives. Our team is
proud to add the Sunset MOB to Big Sky's portfolio, it is a class-A
asset with strong tenancy that helps us grow our San Antonio
footprint. We anticipate another closing in the coming weeks and
are working on some exciting new partnerships. Much more to come,"
notes Chris Morgan, Director of Acquisitions.
The property is anchored by Baptist Health
System Physicians and WellMed, a United Healthcare subsidiary, and
houses specialties including OB/GYN, orthopedics, and cardiology.
Its location in a high-traffic medical node serves the area's
highest-income neighborhoods and capitalizes on San Antonio's
robust population growth, the highest among major U.S. cities in
2023. (Source: US Census Bureau).
About Big Sky Medical Big Sky
Medical is a relationship-driven healthcare real estate investment
firm with over two decades of experience in the U.S. healthcare
sector. Specializing in medical outpatient buildings, clinics,
ambulatory centers, and specialty hospitals, Big Sky leverages its
deep understanding of healthcare delivery and extensive industry
relationships to source high-quality, off-market deals. The firm's
multi-tiered underwriting process and operational expertise enable
it to identify value opportunities while mitigating risks,
consistently delivering strong returns for investors. Big Sky's
commitment extends beyond traditional investment management,
offering an unrivaled asset management platform and aligning
interests by investing significant capital alongside its partners.
As the preferred asset buyer for NNN properties in the U.S., Big
Sky Medical combines industry knowledge, strategic acquisitions,
and strong relationships to build diverse, high-performing
healthcare real estate portfolios. To learn more, visit
www.bigskymed.com.
For media inquiries:
Cristi Swayze, CSwayze@bigskymed.com,
469-949-8300
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/73f660f3-7dea-4476-88b9-7a56f8cae189