$3,626,133 USD
512-368-7179
4625 W William Cannon Dr
Austin, TX 78749
Western Oaks
HIGHLIGHTS
- +/- 0.231 acre lot (plus share of common areas)
- Energy-efficient construction
- Large surface parking field
- Commercial condominium regime with shared cross-access and common areas maintained by Condo Association
- High-demand office space in limited development area
- Walking distance to amenities such as shopping, restaurants, gyms
OVERVIEW
Fully-occupied office investment for sale.
LEASE HIGHLIGHTS
• 3 year renewal option exercised 5/1/2025 after 10 year primary term
• Triple-Net Lease (Landlord responsible: structure/roof)
• Tenant responsibilities for all utilities, taxes, insurance and CAM
• Annual rent rate increases of $0.50/SF/year
• NNN expenses include a management fee to the Landlord
FOR SALE DETAILS
PRICE
$3,626,133 USD
PRICE/SF
$533 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Building 5
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront Retail/Office, Medical, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
LR-NP & LO-NP
APN/PARCEL ID
855086
ASK ABOUT THIS PROPERTY
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512-368-7179
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512-368-7179
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