Davis Healthcare Real Estate has completed its acquisition of the two-story, UT (University of Texas) Health & Wellness Center in San Antonio, Texas, which allowed the real estate investment firm to expand its holdings in a growth-oriented market.
The building was acquired by Davis Medical Investors, LLC in an off-market transaction for $24.31 million or $332 a square foot.
The 73,390-square-foot UT Health & Wellness Center is located at 5788 Eckhert Road in San Antonio. The building, formally leased to the VA, was originally developed in 1998 and went through a comprehensive renovation program by the previous owner in 2022. It is fully leased to the University of Texas Health System.
The UT Health & Wellness Center is located in the heart of the 900-acre South Texas Medical Corridor area, home to nine major medical institutions and hundreds of offices that employ more than 30,000 healthcare and related service professionals.
