1706 E NEW HOPE DR Cedar Park TX 78613

Cushman & Wakefield’s Private Capital Group is pleased to present to the market La Jaita – Building 12 located at 1706 E New Hope Drive in Cedar Park, Texas. Built in 2018, the project consists of a 25,425 square foot single-story office building in exceptional condition with a market leading 8.77:1,000 parking ratio. The property benefits from a core location in the heart of Cedar Park less than one mile from US 183A, the primary roadway connecting Northwest Austin, and over 1M SF of Class A retail amenities at The Parke and 1890 Ranch. The project is being marketed vacant offering a rare owner occupant opportunity or strategic investor repositioning opportunity for a quality asset in one of the fastest growing regions in Central Texas.

High Quality Vacant Building Offering

• Efficiently designed 25,425 square foot single story building completed in 2018

• Rare owner occupant opportunity offered at a discount to replacement cost

• Blank canvas for an investor to purchase below replacement cost and execute strategic lease up

• Functional building design allows for single or multiple tenants with several exterior access points and opportunity to convert two windows to grade level loading doors

• Single story office in demand offering tenants lower operating costs and direct park & walk access to their spaces

• Excess parking available with nearly 9:1,000 parking ratio offering a unique opportunity for truck parking/company vehicles or dense parking requirements for medical or educational uses

Core Cedar Park Location

• Easily accessible location on E New Hope Drive within one mile from US 183A, the primary highway serving Northwest Austin, and one mile from FM 1431, the primary retail corridor serving Cedar Park and the surrounding residential communities

• Over 4M square feet of retail within a two-mile radius offering unlimited dining, entertainment, and shopping options

• Less than one mile from the Cedar Park Regional Medical Center, a 126-bed hospital with 880 healthcare professionals

• Exceptional demographics within a 5-mile radius showcasing 5.2% average annual population growth since 2010, $319k median home value and $127k average household income

• Cedar Park has emerged as a top choice for corporate relocations and expansions with Firefly Aerospace, Hyliion, James Avery, Perfect Game, NOV and most recently MCS choosing the City for major business expansions