Loading…
Medical Office Plaza with High Occupancy in Austin Submarket
Offer Price
$4,200,000
2008
Medical Office Plaza with High Occupancy in Austin Submarket
Property Overview:
Positioned in Austin, TX, this medical office asset offers 14,200 SF of rentable building area on a 1.1-acre site. The asset features a strong tenant mix of healthcare and professional services with 82% occupancy and attractive parking and layout suitable for medical, therapy, dental, wellness, or office uses.
Property Highlights:
- 14,200 SF building size built in 2008
- 1.1-acre parcel with 52 surface parking spaces
- Multiple tenant suites including private offices, exam rooms, and conference rooms
- Strong tenant mix with healthcare and professional users
- 82% occupancy with existing rental income
- Excellent parking and strong visibility
Location & Connectivity:
Located in a growing Austin submarket with convenient access to nearby residential neighborhoods, retail centers, and major roadways. The property benefits from strong visibility and accessibility within a high-growth area.
Usage:
Well suited for investors seeking stable income and leasing upside or for partial owner-users looking to occupy space while receiving rental income from existing tenants.
Cap Rate
-
NOI
$425,000
Annual Rent
$486,000
Operating Expenses
$165,000
Parking
52
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.