Log In/Sign Up
Your email has been sent.
Stand Alone Single Tenant NNN Medical 16040 Park Valley Dr 10,642 SF Office Building Round Rock, TX 78681 $4,300,000 ($404.06/SF) 6.40% Cap Rate
Investment Highlights
- Single Tenant Stand Alone Condo 25 Years in Practice Adjacent to St. David’s Round Rock Medical Center
Executive Summary
Great fully leased stand alone single tenant medical office condo building. Leased to a neurology practice that has been operating in the building for 20+ years. Adjacent to St. David's Hospital Round Rock, Tx. Strong demographics. Strong existing referral network. Tenant made recent tenant improvements. Value: The condo association manages the building common elements. Costs are passed through to tenant. Low medical office vacancy in the area. Would be great for a 1031 buyer or investor looking for a stabilized low management asset.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,642 SF
Building Class
B
Year Built/Renovated
2005/2023
Price
$4,300,000
Price Per SF
$404.06
Cap Rate
6.40%
NOI
$275,357
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,642 SF
Building FAR
0.07
Lot Size
3.68 AC
Zoning
PUD
Parking
58 Spaces (5.45 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Central Texas Neurology Consultants
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Central Texas Neurology Consultants | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R471496 | Improvements Assessment | $0 |
| Land Assessment | $1,947,652 | Total Assessment | $1,947,652 |
Property Taxes
Parcel Number
R471496
Land Assessment
$1,947,652
Improvements Assessment
$0
Total Assessment
$1,947,652
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
