16040 Park Valley Dr - Medical FOR SALE


Round Rock, TX 78681- Brushy Creek
$4,300,000 USD
512-560-6840
16040 Park Valley Dr, Round Rock, TX for Sale
$4,300,000 USD
Medical - FOR SALE
1/8
null | 6.4% Cap Rate

16040 Park Valley Dr
Round Rock, TX 78681
Brushy Creek


HIGHLIGHTS

  • Single Tenant Stand Alone Condo 25 Years in Practice Adjacent to St. David’s Round Rock Medical Center

OVERVIEW

Great fully leased stand alone single tenant medical office condo building. Leased to a neurology practice that has been operating in the building for 20+ years. Adjacent to St. David's Hospital Round Rock, Tx. Strong demographics. Strong existing referral network. Tenant made recent tenant improvements. Value: The condo association manages the building common elements. Costs are passed through to tenant. Low medical office vacancy in the area. Would be great for a 1031 buyer or investor looking for a stabilized low management asset.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stand Alone Single Tenant NNN Medical

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

3.68 AC

LAND SF

160,301 SF

ZONING

PUD

APN/PARCEL ID

R471496

ASK ABOUT THIS PROPERTY

Danny McKinleyLatitude Real Estate PartnersMore Info
512-560-6840

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Danny McKinleyLatitude Real Estate PartnersMore Info
512-560-6840

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