Home > Blogs > Joe Cline > Austin Texas Real Estate Blog

Austin Office Condo - Central Austin - ~8% Cap

By Joe Cline

Real Estate Broker/Owner with Affinity Properties, Inc 509937

July 11, 2008 05:25 PM

Joe Cline | Affinity Properties | info@joecline.com | 512-795-4532

8500 Shoal Creek #225, Austin, TX

This professional office is leased and is offered at $144/sq ft. The cap rate for the asking price is approximately 7.8%.

Office

offered at $761,940

Year Built	1972
Sq Footage	5,291
Floors	1
Parking	Uncovered spaces
Lot Size	Unspecified
Maint	$1,323 per month

DESCRIPTION

This professional office is leased and is offered at $144/sq ft. The cap rate for the asking price is approximately 7.8%. The lease is effective for another 30 months with two more $0.50 increases left.

Opportunities are available for investors as well as owner occupants in this recently renovated building.

Units are available from 430 sq ft to over 8,000 sq ft. Several units are finished and ready for occupancy, several in shell condition, and several with leases in place.

The lobby sets a welcome touch for clients and customers. Bathrooms are fully renovated and

There is ample off street, lighted parking. The building offers keycard entry.