11130 Jollyville Rd - Office FOR SALE


Austin, TX 78759- Great Hills
$3,800,000 USD
737-300-6994
11130 Jollyville Rd, Austin, TX for Sale
$3,800,000 USD
Office - FOR SALE
1/24
null | 8.5% Cap Rate

11130 Jollyville Rd
Austin, TX 78759
Great Hills


HIGHLIGHTS

  • Incredible investment opportunity to acquire a multi-tenant office building offered below Appraised value of $4,495,000.
  • Located in Austin's Transportation Hub, providing high visibility and easy connectivity for tenants clients and employees.
  • Dense and Diverse population of over 940,000 people located within 10 miles providing traffic counts of over 45,000 vehicles per day.
  • The Seller will lease Suite 401 and Suite 303 for one year. The building will then have a 94% Occupancy rate with many long term tenants.
  • This property has been remodeled in 2021 with new interior paint and flooring.
  • There is 24-hour controlled access to the building and ample parking for the building at 108 Spaces

OVERVIEW

Republic Commercial Properties is pleased to present the Balcones View Office Building at 11130 Jollyville Rd. in Austin, Texas. Strategically located in Great Hills which is part of Austin’s Transportation Hub. This area is significant due to its high traffic volume and the various highways intersecting including Loop 1, US 183, and Loop 360. In the past decade, the area has undergone extensive growth in many forms, specifically new real estate development driving noteworthy demand. This central location is home to some of Austin’s most notable attractions including the University of Texas, Q2 Stadium, featuring Major League Soccer team Austin FC, and The Domain mixed-use development. Balcones View offers a unique opportunity to acquire a recently renovated, exceptionally maintained, office asset offered below Appraised Value. An investor can discover the premium upside this acquisition offers. Don’t miss the opportunity to own incredible real estate in the reputable Austin market with dynamic capabilities for optimal revenue growth. Property tours are available by appointment only. Please contact the broker to schedule.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Balcones View

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

108

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

LO, Austin

APN/PARCEL ID

156258

ASK ABOUT THIS PROPERTY

Doug Hodge, CCIMRepublic Commercial PropertiesMore Info
737-300-6994

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Doug Hodge, CCIMRepublic Commercial PropertiesMore Info
737-300-6994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.