No pyramid scheme: SA building sells for $40MNo pyramid scheme: SA building sells for $40Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149422016-10-24T05:00:00Z2016-10-24T20:00:00Z

​​​​​​​​​​SAN ANTONIO - One of the most recognized office structures in North Central San Antonio is now off the market.

The Class A iconic Pyramid​ office building was purchased in a $39.7 million transaction.​

The 220,693-sf office structure is located at 601 NW Loop 410, close to the San Antonio International Airport, and benefits from the outstanding visibility.

The new buyer plans at least $1.5 million in renovations. The structure went through cosmetic renovations in 1993, 2006 and 2015.

The Pyramid was 87 percent occupied at the time of sale, and is part of a highly competitive set of San Antonio buildings that are close to reaching 95 percent occupancy.

Commercial Property Executive
San Antonio-New Braunfels

​Be sure and check out San Antonio Office Market Research for a variety of commercial reports.​​

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