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34427806
34427805

11901 W Parmer Lane, Suite 310, Cedar Park, TX 78613 For Sale

PH
TX 673678
$899,000
6 days on market
Updated 6 days ago

Building 3, #310

Details
Property Type Office
Sub Type Medical Office
Square Footage 2,440
Cap Rate 6.51%
NOI $58,560
Occupancy 100%
Tenancy Single
Brand/Tenant Beacon Behavioral
Lease Type NNN
Lease Expiration 04/30/2031
Rent Bumps Yes
Price per SqFt $368
Year Built 2007
Zoning Professional Office
Investment Type Net Lease

Office | 6.51% CAP | 2,440 SqFt

Marketing description

Transwestern is pleased to present the opportunity to acquire 11901 W Parmer Lane, Unit 310 in Cedar Park, Texas.

11901 W Parmer Lane, Unit 310 puts an investor squarely in the path of growth. Cedar Park has been one of the fastest-growing cities in the country over the past decade, and the momentum has not slowed. Strong household incomes, a deep bench of established employers along the Parmer corridor and a steady stream of new residents continue to drive demand for health care and professional office space.

The property sits along West Parmer Lane, with quick access to 183A Toll and U.S. 183. Cedar Park's shopping, dining and everyday amenities are just minutes away. Parking is ample, and the building has quietly become a small medical hub in its own right. Unit 310 shares the address with several other established health care practices, a positive indicator of organic demand for medical space in this submarket. The adjacent suite is also available and currently vacant, giving a buyer the option to expand within the building over time.

The in-place tenant, Beacon Outpatient Management, recently expanded into the full unit and signed a new five-year lease with built-in 3% annual rent increases. For an investor seeking a health care-anchored income stream in a market with demonstrated staying power, this offering provides a clean, low-maintenance entry point.

Investment highlights

  • Healthcare/behavioral health tenancy provides stability through economic cycles.
  • Near-NNN lease with limited landlord responsibility and 3% annual rent escalations.
  • Single-tenant medical office condo fully occupied, with recent expansion signaling long-term commitment.
  • Renewal options may extend tenancy through 2041, enhancing cash flow durability.
  • Positioned in a high-growth market with excellent access to 183A Toll, U.S. 183, and nearby amenities.
  • Part of an established medical-use cluster with an adjacent suite available for potential growth.

Listing Contacts

PH
TX 673678

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$58,560.00
$4,880.00/mo

Valuation Metrics

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DSCR
6.51%
Cap Rate
6.51%
ROI

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Additional Information

Name
Patrick Hill
License
673678
Brokerage
Transwestern
Brokerage Phone
1512922117
Title
Broker of Record
Brokerage Address
901 Mopac, Bldg IV, Suite 250, Austin, TX 78746
Name
Patrick Hill
License
673678
Brokerage
Transwestern
Brokerage Phone
5129221179
Title
Senior Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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