Heart of Lakeway | 2220 Lakeway Blvd
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Heart of Lakeway 2220 Lakeway Blvd
8,320 SF 100% Leased Office Building Austin, TX 78734 $2,725,000 ($328/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased - 5 Tenants | Diverse Tenant Mix
- $203,600+ Average Household Income in a 1 Mile Radius
- 20 Miles to Austin-Bergstrom Int'l Airport | 1 Mile to Lakeway Airpark
- Below Market Rents - $19.42 | Value Add Upside by getting to Market rents
- 15 Miles to Downtown Austin and Texas Capitol
- Direct Access to Lakeway Boulevard through Exclusive Lakeway Neighborhood
EXECUTIVE SUMMARY
TREK Investment Group is pleased to offer for sale the Heart of Lakeway Office Building in Austin, Texas, strategically located
with direct access to major neighborhood traffic corridor Lakeway Blvd and only 1 mile from Ranch Road 620 seeing strong
traffic counts of 50,150+ VPD. This two story office building is 100% leased with a diverse tenant mix, and has high visibility in
the exclusive and established Lakeway neighborhood with average Household Income of $203,600+ in a one mile radius. It is
one mile from the Lakeway Airpark, 15 miles from Downtown Austin and the Texas State Capitol, and 20 miles from the
Austin-Bergstrom Int'l Airport. The Lakeway/Bee Cave area is one of the top three fastest growing Austin markets.
with direct access to major neighborhood traffic corridor Lakeway Blvd and only 1 mile from Ranch Road 620 seeing strong
traffic counts of 50,150+ VPD. This two story office building is 100% leased with a diverse tenant mix, and has high visibility in
the exclusive and established Lakeway neighborhood with average Household Income of $203,600+ in a one mile radius. It is
one mile from the Lakeway Airpark, 15 miles from Downtown Austin and the Texas State Capitol, and 20 miles from the
Austin-Bergstrom Int'l Airport. The Lakeway/Bee Cave area is one of the top three fastest growing Austin markets.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
8,320 SF
Building Class
B
Year Built
2009
Price
$2,725,000
Price Per SF
$328
Cap Rate
6%
NOI
$163,544
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,160 SF
Slab To Slab
14’
Building FAR
0.18
Lot Size
1.05 AC
Zoning
C1
Parking
42 Spaces (5.05 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Natural Light
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 134983 | Improvements Assessment | $2,208,438 |
| Land Assessment | $343,358 | Total Assessment | $2,551,796 |
PROPERTY TAXES
Parcel Number
134983
Land Assessment
$343,358
Improvements Assessment
$2,208,438
Total Assessment
$2,551,796
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Heart of Lakeway | 2220 Lakeway Blvd
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