Skip to main content

Office

2508 Williams Dr

2508 Williams Dr, Georgetown, TX 78628

Listing Price: $2,290,000

Cap Rate
5.23%
Gross SF
8,780
Rentable SF
5,237
Price/Gross SF
$260.82
Lot Size
0.68 acres
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to exclusively offer 2508 Williams Dr. (the "Property") for Sale in the spectacular Georgetown, TX market. The Property is an 8,780 square foot, multi-tenant office building on one of the most vibrant major thoroughfares in Georgetown - Williams Dr. (the Gateway to Georgetown). From an opportunity standpoint, the current owner has leased the Property based on the tenant's useable square footage occupied (total of 5,237 square feet). At 87 percent occupied, a new owner can enjoy positive cash flow while capitalizing on a lease conversion to a net rentable structure inclusive of a common area add-on factor, thereby bringing the 5,237 useable square footage closer in line to the 8,780 square foot gross building area. This action, together with leasing up the vacant square footage and bringing below market leases up to market presents a new owner with exceptional upside in a market that has an overall occupancy rate of 94 percent. This opportunity coupled with Seller's offer to provide seller financing make the acquisition of 2508 Williams Dr. the most attractive acquisition opportunity presently on market. The Property offers both investors and Owner/Users the opportunity to acquire a small multi-tenant office in a market that is consistently recognized for its year over year growth nationally. Georgetown leads the nation in population growth for cities with a population of at least 50,000 people, according to data from the U.S. Census Bureau. Georgetown’s growth rate was 10.5 percent from July 1, 2020, through July 1, 2021, resulting in a population estimate of 75,420. At its current average growth rate, the population of Georgetown would exceed 110,000 people by 2030.

Investment Highlights

  • Owner Financing Available at Below Market Terms
  • Stabilized - Value Add Opportunity with Unparalleled Upside
  • Property is on One of the Most Vibrant Major Thoroughfares in Georgetown Less Than a Mile from I-35

Exclusively Listed By

Financing By

Office

2508 Williams Dr

Listing Price: $2,290,000

Cap Rate
5.23%
Gross SF
8,780
Rentable SF
5,237
Price/Gross SF
$260.82
Lot Size
0.68 acres
Year Built
1978

Investment Highlights

  • Owner Financing Available at Below Market Terms
  • Stabilized - Value Add Opportunity with Unparalleled Upside
  • Property is on One of the Most Vibrant Major Thoroughfares in Georgetown Less Than a Mile from I-35

Investment Overview

Marcus & Millichap is pleased to exclusively offer 2508 Williams Dr. (the "Property") for Sale in the spectacular Georgetown, TX market. The Property is an 8,780 square foot, multi-tenant office building on one of the most vibrant major thoroughfares in Georgetown - Williams Dr. (the Gateway to Georgetown). From an opportunity standpoint, the current owner has leased the Property based on the tenant's useable square footage occupied (total of 5,237 square feet). At 87 percent occupied, a new owner can enjoy positive cash flow while capitalizing on a lease conversion to a net rentable structure inclusive of a common area add-on factor, thereby bringing the 5,237 useable square footage closer in line to the 8,780 square foot gross building area. This action, together with leasing up the vacant square footage and bringing below market leases up to market presents a new owner with exceptional upside in a market that has an overall occupancy rate of 94 percent. This opportunity coupled with Seller's offer to provide seller financing make the acquisition of 2508 Williams Dr. the most attractive acquisition opportunity presently on market. The Property offers both investors and Owner/Users the opportunity to acquire a small multi-tenant office in a market that is consistently recognized for its year over year growth nationally. Georgetown leads the nation in population growth for cities with a population of at least 50,000 people, according to data from the U.S. Census Bureau. Georgetown’s growth rate was 10.5 percent from July 1, 2020, through July 1, 2021, resulting in a population estimate of 75,420. At its current average growth rate, the population of Georgetown would exceed 110,000 people by 2030.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower