For Sale
$2,350,000

16040 Park Valley Dr, Suite 222Round Rock, TX 78681

6,000 SF Medical Condo FOR SALE

Source: https://asterra.com

Overview

Added:
Mar 27
Days on market:
7
This 6000 SF Medical Condo is fully leased with two medical tenants and has a built-in stream of income. This gorgeous property is located in the Prime Location of Round Rock Medical District.

This NNN cash flow property offers owners a hassle-free source of passive income. With a Triple Net Lease structure in place, not only it relieves the owners from most of their responsibilities but also gives tax benefits of depreciation write offs.

It is an exceptional 1031 opportunity with strong medical tenants and long-term leases.

FEATURES
• Fully Leased: This medical condo is fully leased to reputable healthcare professionals, ensuring a steady income stream from day one.
• Prime Location: Situated in a prime location with high visibility and accessibility, making it attractive to both healthcare providers and patients.
• Directly across from St. David’s Round Rock Medical Center
• Access to I 35 via FM 620
• Modern & Beautiful Facilities: The condo features state-of-the-art medical facilities, meeting the high standards of today’s medical practices. Custom build condo with beautiful interiors
• Stable Tenants: Long-term leases in place with stable and established medical tenants, offering a reliable source of rental income.
• Investment Opportunity: With the healthcare industry on the rise, this investment promises potential appreciation and a solid return on investment.
• The State of Texas has neither State Tax nor Investment Tax

Property Details for 16040 Park Valley Dr, Suite 222

Property type
Residential offices, Office properties
Square Feet
6,000 SF
Price / Square Foot
$391.67
Class
B
Year Built
2008
Buildings
1
Stories
2
Total Parking Spaces
30
Elevators
N/A
Net Rentable (sq. ft)
6,000 SF
Net Operating Income
$145,812

Location Insight

City
Round Rock
County
State
Texas

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16040 Park Valley Dr, Suite 222
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