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8334 Cross Park Dr 11,100 SF Office Building Austin, TX 78754 $4,550,000 ($409.91/SF) 6.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Stability with 10-Year NNN Lease
- Specialized Medical Facility
- Established Tenant with Proven Operation
EXECUTIVE SUMMARY
The Medical Investment Group of Partners Real Estate is pleased to present a single-tenant net leased medical asset in a prime location, offering a fresh 10-year lease with a strong tenant operating since 1994. This 11,100 SF facility, built in 2006, features a specialized medical buildout with 20 inpatient beds, ensuring long-term functionality and stability. Situated on a 2.266-acre lot with a 4/1000 parking ratio, the property is 100% occupied, generating a net operating income of $312,000 at a 6.85% cap rate. Priced at $4,550,000 ($409.91/SF), this well-maintained asset presents an excellent investment opportunity in the growing medical real estate sector. Contact our team today for more details.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,100 SF
Building Class
B
Year Built
2006
Price
$4,550,000
Price Per SF
$409.91
Cap Rate
6.86%
NOI
$312,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,100 SF
Building FAR
0.11
Lot Size
2.27 AC
Parking
40 Spaces (3.6 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Community Clinical Research
- Health Care and Social Assistance
- 11,100 SF
- $28.11
- Triple Net
- Dec 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Community Clinical Research | Health Care and Social Assistance | 11,100 SF | $28.11 | Triple Net | Dec 2034 |
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PROPERTY TAXES
| Parcel Number | 368941 | Improvements Assessment | $1,589,080 |
| Land Assessment | $789,656 | Total Assessment | $2,378,736 |
PROPERTY TAXES
Parcel Number
368941
Land Assessment
$789,656
Improvements Assessment
$1,589,080
Total Assessment
$2,378,736
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8334 Cross Park Dr
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