Marcus & Millichap announced the sale of the Dugas Professional Building, a 16,964-square-foot office property located in San Antonio, Texas, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for $5,558,000.
First Vice Presidents Brett Rodgers and Frank M. Roti and Associate Alex Sacks, and investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of Stage Equity Partners, LLC, the seller, a private investor based in Chicago. Texas Broker of Record Tim Speck assisted in closing this transaction.
The Dugas Professional Building is located at 9410 Dugas Drive in San Antonio, Texas. The building was built in 2008 and was 100 percent occupied at the time of the sale by four medical tenants that serve the San Antonio area. There was extensive competition from a local and national pool of buyers.
