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601 Crystal Falls Pky
Leander, TX 78641
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Newer 2020 Construction
- Favorable zoning allowing medical, retail and office uses
- 100% leased to medical/retail tenancy
EXECUTIVE SUMMARY
Two-tenant, 9,556 SF Medical/Retail Building located in growing Leander, TX
14K VPD on Crystal Falls Pkwy
11% projected population growth in Leander over next 5 years
73% occupied by Wellmed Medical Management, Inc. (UnitedHealth)
NNN Leases with annual rent bumps
14K VPD on Crystal Falls Pkwy
11% projected population growth in Leander over next 5 years
73% occupied by Wellmed Medical Management, Inc. (UnitedHealth)
NNN Leases with annual rent bumps
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
9,556 SF
Building Class
B
Year Built
2020
Price
$3,400,000
Price Per SF
$355.80
Cap Rate
7.15%
NOI
$243,045
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,556 SF
Building FAR
0.15
Lot Size
1.46 AC
Zoning
GC - (GC) - General Commercial
Parking
48 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Signage
- Skylights
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R582641 | Improvements Assessment | $2,309,094 |
| Land Assessment | $758,989 | Total Assessment | $3,068,083 |
PROPERTY TAXES
Parcel Number
R582641
Land Assessment
$758,989
Improvements Assessment
$2,309,094
Total Assessment
$3,068,083
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