Historical Office Sale Listing - Plaza 35 Business Park

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Plaza 35 Business Park

12234 N. IH 35, Austin, TX 78753

N/A

185,485 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
185,485 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Cap Rate:
9.01%
Gross Rent Multiplier:
10.98
Occupancy:
0%
Tenancy:
Single
Year Built:
2000
Lot Size:
19.37 AC
Listing ID
111916
Last Updated
over 1 year ago

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

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.

Map of 12234 N. IH 35, Austin, TX 78753

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Created 4/13/2000