4625 W William Cannon, Bldg. 5
Austin Infill STNL Investment Offering
Marketing description
TENANT HIGHLIGHTS
MLC CAD Systems, Inc.
Corporate headquarters location - 24 other locations across the United States
Corporate Lease / Tenant
30+ years in business
LEASE HIGHLIGHTS
3 year renewal option exercised 5/1/2025 after 10 year primary term
Triple-Net Lease (Landlord responsible: structure/roof)
Tenant responsibilities for all utilities, taxes, insurance and CAM
Annual rent rate increases of $0.50/SF/year
NNN expenses include a management fee to the Landlord
Investment highlights
+/-6,799 SF building
Built in 2015
+/-0.231 acre lot (plus share of common areas)
Energy efficient construction
Large surface parking lot
Commercial condominium regime with shared cross access and common areas maintained by Condo Association
High-demand office space in limited development area
Walking distance to amenities such as shopping, restaurants & gyms
Surrounded by a dedicated greenbelt
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