This Office Property is Off-Market.

12234 N. IH 35
Austin, TX 78753 ·

185,485 SF · Office For Sale

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Plaza 35 Business Park

Price N/A Gross Rent Multiplier 10.98
Building Size 185,485 SF Occupancy 0%
Property Type Office Tenancy Single
Property Sub-type Office Building Year Built 2000
Property Use Type Investment Lot Size 19.37 AC
Cap Rate 9.01%
Listing ID: 111916 Date Created: 04/13/2000 Last Updated: 06/18/2001

Description

Two single story buildings respectively containing 62,719 sf and 122,766 sf . Attractive tilt wall panel construction with decorative reveals and sandblasted ceramic tile acceents. Extensive window coverage with 1" insulated glass. 20' clear height. 5:1 parking. Heavy power - 3800 AMPS and 2800 AMPS - 480 volts. 100% leased to Dell Computer Online Services Group.

Located in the fast growing north central technology corridor. Proiect has excellent visibility and access to Interstate 35. Directly across the highway from Dell Computer's 530 acre manufacturing campus. Despite rampant growth, market remains remarkably tight with most new projects proceeding on a pre-leased basis. Surrounding market has less than 2% vacancy in both R&D and Office.

Highlights

  • Tenant Improvement Allowance of $20/SF; Dell Is Contracting Out Build-Out At Substantially Above Base Allowance.
  • Tenant Reimburses All Normal Operating Expenses Including 4% Management Fee; Tenant Pays Utilities And Janitorial Directly
  • Site Improvements Include Extensive Landscaping and Stacked Limestone Accent Walls Around Parking Areas
  • 5:1 Parking
  • Low Site Coverage - 22%
  • Market Projected To Create
  • 66,000 Jobs Over The Next Two Years

Research

12234 N. IH 35, Austin, TX 78753 (Travis County)

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