4105 Medical PkwyAustin, TX 78756

For Sale
Call for price

Prime Medical Office, 7,769 SF, 90% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional two-story office building, situated at 4105 Medical Parkway in Austin, Texas, presents a compelling investment opportunity. Spanning 7,769 square feet, the property boasts a 90% occupancy rate across nine tenants, offering immediate cash flow. Constructed in 1972, the building is zoned LO-ETOD-DBETOD and features a convenient 23-space parking lot. The building's location in Austin's Central Medical District provides excellent accessibility and visibility. The first floor is secured by a recently signed long-term medical lease, while the second floor offers flexible lease terms, ideal for owner-occupancy or additional rental income. Current tenants are on gross leases below market rates, presenting a significant opportunity to increase profitability through conversion to NNN leases and rent adjustments to market value. This property is perfect for investors seeking strong returns and owner-users looking for a prime location in a thriving medical district. The building's multi-tenant structure provides diversification and stability, making it an attractive investment in the Austin commercial real estate market. The property's location in Travis County, zip code 78756, ensures easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, income-producing asset in a highly sought-after area.

Highlights

  • Exceptional two-story, 7,769 SF office building in Austin's Central Medical District with 90% occupancy.
  • Located at 4105 Medical Parkway, Austin, TX 78756, offering immediate cash flow from nine tenants.
  • Features 23 parking spaces and LO-ETOD-DBETOD zoning.
  • First floor secured by a long-term medical lease; second floor offers flexible lease terms.
  • Significant upside potential through rent increases and lease conversions to NNN.

Property Details for 4105 Medical Pkwy

Property type
Other office properties, Medical offices
Square Feet
7,769 SF
Year Built
1972
Buildings
1
Stories
2

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.310289
Longitude
-97.7422671
4105 Medical Pkwy, Austin, Texas

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4105 Medical Pkwy
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