For Auction

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

8626-8700 Tesoro Drive,
San Antonio, TX 78217

Asset Snapshot

Real Estate
Asset Type
Office
Property Type
1974
Year Built
2008
Year Renovated
8
Floor Count
2
Building Count
870
Parking Spots
9.30 Acres
Land Area
241,401 SF
Property Size
Multi-Tenant
Office Tenancy

Investment 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.

Offering Summary

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.

Due Diligence

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.

2 Min
Drive to SA International Airport
206,497
Vehicles per day on Loop 410 & access
85.1%
North Central office occupancy, Q4 2025

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

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Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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Auction Opens In
41d 14h 36m 06s
$2,250,000
Starting Bid
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Bidding Opens
Bidding Closes

Investment Sales Brokers

Todd Mills
Cushman & Wakefield
TX License: 355838
Ian Grusd, CCIM SIOR
Marcus & Millichap

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.