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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
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.
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)
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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
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Stand Alone Single Tenant NNN Medical | 16040 Park Valley Dr