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27821604
27821605

4407 Pack Saddle Pass, Austin, TX 78745 For Sale

McAllister and Associates
Listed by McAllister and Associates
$2,000,000
273 days on market
Updated 73 days ago

4407-4409 Pack Saddle Pass

Details
APN 509195,509194
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 3,617
Cap Rate 5.47%
NOI $109,315
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 2
Rent Bumps Yes
Lease Options 2 5 year extensions
Year Built 1959
Buildings 2
Investment Type Net Lease

Office | 5.47% CAP | 3,617 SqFt

Marketing description

PROPERTY OVERVIEW & LOCATION:

Strategically positioned in Austin's rapidly expanding southwest corridor, this investment property sits at the epicenter of significant area transformation. The nearby Brodie Oaks mixed-use development represents just one of several major projects reshaping this submarket, bringing increased density, retail amenities, and affluent residents to the area. This prime location offers unparalleled walkability to Central Market, Austin's premier grocery destination, placing the property in a highly desirable neighborhood surrounded by strong demographics including high household incomes and education levels. The property benefits from excellent accessibility via major thoroughfares while maintaining a neighborhood feel that attracts quality tenants.

FINANCIAL PERFORMANCE & TERMS:

Competitively priced at $2M, this property delivers immediate returns with a robust 6.65% cap rate over the expected lease term. The investment features contractual 3% annual rent increases built into the lease agreement, providing predictable income growth that outpaces inflation. Initial Net Operating Income stands at $109,314.83 on a true NNN lease structure, minimizing landlord responsibilities and expenses. The credit-worthy tenant eliminates collection risk and ensures stable cash flow. For qualified investors, seller financing options are available, potentially enhancing returns and providing flexible acquisition terms in today's interest rate environment.

INVESTMENT OPPORTUNITY & UPSIDE:

This property represents a rare combination of immediate cash flow and significant value-add potential. While generating strong current returns, the asset is positioned for substantial appreciation through multiple avenues. The surrounding development activity and infrastructure improvements continue to drive property values upward in this submarket. Redevelopment opportunities exist given the property's zoning and land dimensions. This makes it ideal for investors seeking stable, growing income today while maintaining optionality for tomorrow's market opportunities. In Austin's dynamic market, few properties offer both defensive income characteristics and offensive growth potential at this price point.

Investment highlights

Turnkey NNN Investment: True NNN lease with credit tenant delivering $109,314.83 initial NOI and 6.65% cap rate over the expected term of the lease

Prime SW Austin Location: Walking distance to Central Market in high-growth corridor adjacent to Brodie Oaks development, positioned to capture explosive growth

Built-In Growth: Upside: 3% contractual annual rent increases provide inflation-beating income growth allows future redevelopment

Listing Contacts

McAllister and Associates
Listed by McAllister and Associates

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$109,315.00
$9,109.58/mo

Valuation Metrics

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DSCR
5.47%
Cap Rate
5.47%
ROI

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