Davis Healthcare Real Estate has recently acquired the two-story UT Health & Wellness Center in San Antonio for $24.3 million, equivalent to $332 per square foot. The 73,390-square-foot building is situated at 5788 Eckhert Road and was originally developed in 1998. It underwent a comprehensive renovation by the previous owner in 2022 and is currently fully leased to the University of Texas Health System.
According to Stewart Davis from Davis Healthcare Real Estate, this acquisition adds great value to their fund due to its prime location across from the rapidly expanding medical corridor in Northwest San Antonio. The tenant’s strong creditworthiness and market presence, as well as the long-term lease agreement make it an attractive investment opportunity.
The UT Health & Wellness Center holds a strategic position within the bustling South Texas Medical Corridor that spans over 900 acres. This off-market transaction marks another successful venture for Davis Medical Investors without any involvement of Connect CRE or its affiliates based on expert analysis of market trends and conditions.
