REO- 241,401 RSF Office | Value Add | $4M+ in CapEx

Highlights:

• 9.3-Acre Infill Site on the Loop 410 Corridor: Zoned O-2 high-rise office and C-3 commercial, with hotel, multifamily or mixed-use reuse cited.
• In-Place Rent With Redevelopment Optionality: Hold for income while planning redevelopment, or use a reset basis to re-lease and grow NOI.
• 157,077 SF Vacant Including Six Large Suites: Six vacant suites range from 14,706 to 15,093 SF each, offering blocks for larger office users.
• Over $4M in Capital Improvements Since 2020: Improvements include new chillers and condensing units, elevator upgrades, and a roof replacement.
• 206,497 VPD on Loop 410 and Access Roads: Two minutes to San Antonio International Airport, with US 281 and IH-35 access within 3 miles.
• North Central Submarket at 85.1% Occupancy: Submarket gross rents average $26.51 PSF, and no San Antonio office product is under construction.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3500/office/san-antonio/tx?utm_source=brevitas&utm_medium=paid_listing&utm_campaign=november18_2026&utm_content=office_3500

Brokered by Cushman & Wakefield and powered by RealINSIGHT Marketplace, 8626 & 8700 Tesoro Drive “Onyx at the Airport” is a two-building, eight-story office campus totaling 241,401 RSF on 9.296 acres along San Antonio's Loop 410 corridor. The property is leased to a multi-tenant roster and supports a lease-up strategy or a broader repositioning of the O-2 and C-3 zoned site. More than $4 million in capital improvements since 2020 include roof replacement, new chillers, condensing units and boilers and 2022 elevator modernization. The site is two minutes from San Antonio International Airport and 12 minutes from downtown.

Senate Bill 840, enacted in 2025, generally prohibits municipalities from requiring a zoning change for multifamily projects on property zoned for office, commercial, retail, warehouse or mixed use, excluding sites within 1,000 feet of heavy industrial development or 3,000 feet of an airport. An initial review indicates the base zoning appears to meet SB840 criteria and the site does not appear to be within 1,000 feet of heavy industrial use nor within 3,000 feet of an airport, so it may qualify under SB840 and Section 35-312 of the City's UDC. Multifamily buyers should confirm fast-track viability.

Location
Onyx at the Airport sits on Tesoro Drive along NE Loop 410 in North Central San Antonio, with additional access from Cheever Boulevard. The site is a two-minute drive to San Antonio International Airport, five minutes to the Alamo Quarry Market and 12 minutes to downtown, with US 281 and IH-35 within three miles and Alamo Heights and Terrell Hills just south.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: