Lone Star Tangible Assets Building

Description:

SRS Investment Properties Group, along with JLL is pleased to offer Lone Star Tangible Assets Building, a Flex Office/Industrial Asset located in the growing northwest Austin suburb of Leander, TX.

The 38,022 SF Property is currently 100% leased to the United States Gold Bureau, one of the country’s leaders in the precious metals industry, on an original 20-year NNN lease with no termination options and contractual annual rent increases. Serving as a mission critical facility, the Tenant has invested in excess of $300 PSF into the building via high-end finishes and security infrastructure. The area surrounding the Property boasts superior access via U.S 183 and is rapidly transforming as a result of record-setting population growth and corporate investment including St. David’s Emergency
Center, H-E-B’s expansion, the Northline Leander mixed-use development, and the city’s growing town center at Leander Station.

The Property is well-positioned within one of the nation’s fastest growing submarkets, abundant with new development and economic activity attempting to keep pace with the resident inflow. Located adjacent to U.S. 183, the Property offers short drive times into Leander’s city center, Cedar Park, Georgetown, and Austin proper. Additionally, the adjacent highway gives immediate access to the major north/south thoroughfare running throughout Northwest Austin, which helps to significantly reduce commute time into Austin’s urban core and peripheries. The Property is also located near Highway 29 to the north which provides seamless access eastward into Georgetown and North Austin.

As the city of Leander has experienced tremendous growth over the last decade, companies and developers have begun directing investment into the area, evidenced by the Austin Community College – San Gabriel Campus, St. David’s Leander Campus, the Northline mixed-use project, H-E-B’s expansion, and CapMetro’s Red Line northmost terminus in Leander.

The area’s dominant growth has helped Leander stand out as an emerging suburb within Austin and throughout the nation. The area is burgeoning with unique entertainment and cultural destinations, offering the balanced, unique lifestyle that Austin has come to be
known for.

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