1514 / 1516 / 1518 Palm Valley Blvd, Round Rock, TX 78664

Merrell Campus is a 29,461 SF office campus made up of 6 buildings on 5.46 acres. The campus is located in a scenic open space set back from HWY 79 in the middle of Round Rock, less than two miles from Downtown Round Rock and only minutes from The Kalahari Resort and Convention Center and Dell Diamond. Among the scenic acreage of open space in the campus, there is potential for future redevelopment with options to add a +/- 4,900 SF building or removing one existing building and adding a 10,000 SF building in its place. Great investment opportunity to acquire a stable 100% leased cash-flowing property with tons of upside. Over five years remaining on the lease term for the largest tenant and no other set to expire until Q4 2025. While the current rents are below market, as leases expire there is the opportunity to bring the tenants up to a market rate. The TXDOT construction project to improve safety and traffic flow on HWY 79 between IH 35 and A.W. Grimes is set to begin in 2027.

NOI: $450,161.40*

*Seller will guaranty a 12-month lease back on the 3,300 SF at 1514 Palm Valley (Buyer responsible for remodel TI/lease commission).

Ability to build +/- 4,900 SF office on vacant pad.