Price Reduced!!! Single Tenant Investment Opportunity - 6.1% Cap
$849,000
2501 W William Cannon Dr Suites 208-209, Austin, TX 78745
For Sale
Office
Building
Active
Last Updated: 06/15/2021
1,686 sqft
Building Size
100
Occupancy
Details:
Building Size: 1,686 sqft
Occupancy: 100%
Class: B
Units: 2
Year Built: 2005
Floors: 1
Parking Spots: 6
Highlights:
- Amazing Investment Opportunity
- Brand New 5-Yr Lease
- 6.1% Cap Rate
- 3% Yearly Increases
- Yr-1 NOI - $53,184
- 1686 SF Zoned LO-CO
- Very high traffic flow
- Corner Unit-combined 2 suites
Description:
Amazing investment opportunity in the heart of South Austin. Brand new 5-year lease with 3% yearly increases and a one-time 3-year option with increase included. Medical grade tenant with a personal lease guaranty included in the lease. This is the perfect hands-off investment purchase with minimal landlord responsibilities.
UNT 209 STONEGATE COMMONS OFFICE CONDOMINIUMS AMENDE D PLUS 1.7512 %
UNT 208 STONEGATE COMMONS OFFICE CONDOMINIUMS AMENDE D PLUS 1.7123 % INT IN COM ARE A
Location
