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20384355
20384353

2200 Park Bend Dr, Austin, TX 78758

JM
TX 728554
Sayers Real Estate Advisors Inc
PB
TX 627563
Sayers Advisors
CS
TX 0170423
Sayers Real Estate Advisors Inc
Listed by Sayers Real Estate Advisors Inc, Sayers Advisors
$10,500,000
591 days on market
Updated 1 day ago

Park Bend Bldg 3

Details
Property Type Office
Sub Type Medical Office
Square Footage 20,000
Units 2
Cap Rate 6.50%
NOI $720,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Vivere Health Austin, LLC (+1)
Lease Type NNN
Lease Options One 5-yr Option at FMV
Year Built 2004
Zoning GO-MU-CO
Parking Spaces 25 spaces
Parking Per SqFt 1.25

Office | 6.50% CAP | 20,000 SqFt

Marketing description

Sayers Real Estate Advisors is pleased to offer the exclusive opportunity to acquire 2200 Park Bend Dr Bldg 3 in Austin, Texas. The 20,000 square foot medical building is strategically located adjacent to St. David's Medical Center and sits prominently within the N Austin Medical Corridor. The multi-tenant property is 100% leased to two long term tenants, Austin Thyroid & Endocrinology, and Austin Premier Surgical Center who have 5 and 7 years respectively remaining on their lease. The investment opportunity offers an attractive income-producing asset in an established medical corridor.

In addition to being adjacent to St. David's North Austin Medical Center, the property is located within a mile of the Domain, Austin's premier shopping destination, as well as Q2 stadium. The proximity to both Loop 1 and Interstate 35 allows for convenient access from all parts of town.

Investment highlights

  • Strategic location within the N Austin Medical Corridor
  • 100% occupied medical investment property
  • Long-term tenants with established practices
  • Sought after location adjacent to the Domain and Q2 Stadium

Listing Contacts

JM
TX 728554
Sayers Real Estate Advisors Inc
PB
TX 627563
Sayers Advisors
CS
TX 0170423
Sayers Real Estate Advisors Inc
Listed by Sayers Real Estate Advisors Inc, Sayers Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$720,000.00
$60,000.00/mo

Valuation Metrics

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DSCR
6.86%
Cap Rate
6.86%
ROI

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