Challenge:
Milam Investors saw a unique opportunity in the acquisition of this nine-story, Class-A office building situated on 3.1 acres located in San Antonio’s north central submarket along U.S. Highway 281.

Strategy:
By seeking out buildings that are strategically located in desirable areas such as this one, Milam Investors has been able to successfully market Trinity Plaza II for $25.50 full service while the building maintains 81.5 percent occupancy. This building offers approximately 119,979 square feet along with exclusive amenities, adequate parking and a unique interior design to potential tenants.

Results:
A capital improvement plan is being implemented to push for the renovation of various common areas that need updating. The projected internal rate of return on this project is 11.89 percent.