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Oak Terrace Building 1 9811 S IH-35

5,034 SF 100% Leased Office Building Austin, TX 78744 $1,839,000 ($365/SF) 6.28% Cap Rate

Investment Highlights

  • High Visibility
  • Located near major South Austin retailers
  • Property management is already in place
  • Fully leased
  • Direct access to I-35

Executive Summary

Prime investment opportunity in South Austin. Fully leased, 5,034 sq. ft. medical/office building offering an excellent investment with strong income potential and minimal maintenance needs. This property showcases high-visibility frontage and is positioned close to major South Austin retailers and business hubs. It’s ideally located with direct access to I-35 providing convenient access for tenants and clients. The layout is optimized for medical and office use with lobby waiting areas, private rooms, bathrooms, and storage space. Property management is already in place, ensuring a smooth transition. 3% annual rent escalations

Attachments

*OM

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
5,034 SF
Building Class
B
Year Built
2012
Price
$1,839,000
Price Per SF
$365
Cap Rate
6.28%
NOI
$115,428
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,034 SF
Building FAR
0.02
Lot Size
6.27 AC
Zoning
C-3
Parking
40 Spaces (7.95 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
431146
Land Assessment
$5,771,264
Improvements Assessment
$0
Total Assessment
$5,771,264
  • Listing ID: 33790539

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 9811 S IH-35, Austin, TX 78744

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