Chase Park 3 313 E Anderson Ln 52,157 SF Office Building Austin, TX 78752 $9,500,000 ($182.14/SF) 10.19% Cap Rate

Colliers is pleased to present Chase Park Building 3, a 52,157 SF building, located in an opportunity zone at the corner of I-35 & Hwy 183 in the heart of Austin, Texas. The first floor of the building offers a dramatic two-story internal stairwell and a bright, remodeled lobby. The 2nd and 3rd floors have been fully remodeled with high end finishes making Building 3 the nicest of the five buildings in the Chase Park complex.
The building has excellent connectivity to both Hwy 183 and I-35. The building is highly visible from Hwy 183 offering building signage opportunities. The property is fully leased by the State of Texas Department of Emergency Management through October 31, 2026. The current tenant is building a new building in southeast Austin customized for their use and will move out at the end of the term. The existing lease offers an owner/user or investor stable cash flow while plans are made to occupy the property or market it for lease.
The current yearly net operating income is $968,161. The property has been well maintained and is set up perfectly for an owner/user looking to occupy one full floor or the entire building.