12176 N MoPac Expy
Austin, TX 78758
Office Property For Sale

OUTSTANDING VALUE-ADD INVESTMENT OPPORTUNITY - 67% leased with a 5.2-year weighted average remaining lease term provides a rare value-add opportunity within a submarket experiencing extraordinary growth - 9,419 square feet of vacancy allows for the opportunity to increase occupancy to a market level of 91%, which would result in an additional $205,623 in NOI - Rent roll currently features medical tenant lineup with the ability to add creative office users or continue attracting and retaining qualified office tenants - In addition, the Property’s desirable infill location provides the opportunity for long-term redevelopment, ground up construction, or the potential to sell the existing residential property PRIME LOCATION & EXCEPTIONAL CONNECTIVITY - Offices at Balcones is located along the North MoPac Expressway service road, with convenient access points to The Domain and St. David’s North Austin Medical Center via Park Bend Drive - Superior connectivity to the rest of the city with immediate access via MoPac Expressway, offering short drives to Parmer Lane, IH-35, US-183, and Loop 360 - Proximity to affluent and emerging neighborhoods, including Northwest Hills, Crestview, and Allandale, in addition to high-end retail and multi-housing developments at The Domain and Arboretum