This property is Off-Market

12319 North Mopac Expressway
Austin, TX 78758 ·

1,725 SF · Office For Sale

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Plaza North

Price N/A Occupancy 100%
Building Size 1,725 SF No. Stories 3
Property Type Office Building Class A
Property Sub-type Medical Office Tenancy Single
Property Use Type Investment Year Built 2012
Cap Rate 7% Lot Size 3.30 SF
Listing ID: 17559783 Date Created: 03/05/2012 Last Updated: 08/20/2012

Description

New 5 year lease to Quest Diagnostics, national credit tenant that is publicly traded. Plaza North is a new medical office building on North Mopac Expressway adjacent to St. David's North Austin Medical Center.
Occupants:
Office #100 - Sanova Dermatology (MOHS surgery and dermatology)
Office #200 - Austin Urology Institute and Austin Urogynecology
Office #210 - Quest Diagnostics (Lab Services)
Office #240 - Dr. Sheila Shung (Internal Medicine and Family Practice)
Office #250 - Austin Vascular & Vein Institute - Dr. Joel Gotvald
Office #300 - Austin Ear Clinic - Dr. Patrick Slater
Office #320 - Neurosurgery, Endovascular & Spine Center
New office, fully finished sales price is $550,000, 7% Capitalization Rate
Compelling reasons to purchase this office condo in the new Plaza North:
1. New medical office building and new finished office - no deferred maintenance or unexpected repairs; 2. Quest Diagnostics is a national credit tenant, publicly traded. 3 Adjacent to the nationally ranked regional hospital, St. David's North Austin Medical Center.4. One exit north of the world class, Domain; 5 Frontage on North Mopac with over 150,000VPD

Quick and direct access to Plaza North to and from MoPac via the Parmer Lane exit. Located on the frontage road of North MoPac adjacent to the St. David's North Austin Medical Center - a major regional medical center with over 950 registered physicians that is undergoing a $100 million expansion. With the new toll road opening, MoPac is now the preferred north/south higway for commuters traveling to and from Austin from north Austin, Pflugerville, Round Rock, and Georgetown. Plaza North is located en route to an HEB anchored regional shopping center; one exit north of the world class Domain development, dubbed the second downtown for Austin; and minutes from the upscale Arboretum area.

Highlights

  • New medical office building and new finished office - no deferred maintenance or unexpected repairs;
  • Quest Diagnostics Clinical Laboratories, Inc. is a national credit tenant, publicly traded.
  • Adjacent to the nationally ranked regional hospital, St. David's North Austin Medical Center.
  • One exit north of the world class, master planned community, Domain, dubbed the 2nd Downtown of Austin
  • Frontage on North Mopac Expressway with over 150,000VPD
  • Purchase this investment and collect your return without any hassles or unknowns

Research

12319 North Mopac Expressway, Austin, TX 78758 (Travis County)

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