Office
5818 - 5820 Balcones Dr
5818 Balcones Dr, Austin, TX 78731
Listing Price: $1,050,000
Investment Overview
Marcus & Millichap is pleased to offer for sale, the entire 2nd floor of an office condominium in the Northwest Office submarket of Austin, Texas (the "Property"). The Property is right off Mopac just North of the Northland Dr exit. The acquisition opportunity consists of 2 adjacent condo units, 5818 and 5820 Balcones Dr. consisting of 1,625 square feet and 1,129 square feet respectively. The units are currently leased by multiple tenants given the exceptional leasing flexibility and current design. The Property is 100 percent occupied and typically runs at or near 100 percent in occupancy.
While the Property is 100 percent leased, some of the leases are on a month to month basis providing an owner/user the opportunity to lease a portion of the Property and have rents from the other tenants help offset operating costs. The attached Proformas provide return metrics for both owner/users and investors alike.
Exclusively Listed By
Listing Price: $1,050,000
Investment Highlights
- Right Off Mopac at Northland Dr.
- Ideal Partial Owner/User Property
- Condo Owner's Association Provides for Cost Sharing for Exterior Structure and Parking Lot
Investment Overview
Marcus & Millichap is pleased to offer for sale, the entire 2nd floor of an office condominium in the Northwest Office submarket of Austin, Texas (the "Property"). The Property is right off Mopac just North of the Northland Dr exit. The acquisition opportunity consists of 2 adjacent condo units, 5818 and 5820 Balcones Dr. consisting of 1,625 square feet and 1,129 square feet respectively. The units are currently leased by multiple tenants given the exceptional leasing flexibility and current design. The Property is 100 percent occupied and typically runs at or near 100 percent in occupancy. While the Property is 100 percent leased, some of the leases are on a month to month basis providing an owner/user the opportunity to lease a portion of the Property and have rents from the other tenants help offset operating costs. The attached Proformas provide return metrics for both owner/users and investors alike.
Exclusively Listed By
