1514 / 1516 / 1518 Palm Valley Blvd Round Rock, TX 78664
29,461 SF office campus on 5.46 acres for sale.
Type:Special Purpose
Property size:
29,461 SFLot size:
5.46 AcresPrice / SF:
$268/SF- Added:
- Jun 16, 2017
- Days on Market:
- 3247
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1514 / 1516 / 1518 Palm Valley Blvd
General Information
- Standard status
- Active
- Size
- 29,461 SF
- Lot size
- 5.46 Acres
- Property subtype
- Special Purpose
Listing agent Darren Quick License #TX 443913
Listing office Don Quick & Associates Inc
Listing date Jun 16, 2017
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Don Quick & Associates Inc
HighLights
- 100% leased office campus providing stable cash flow with $450,161.40 NOI.
- Significant upside potential through future redevelopment: ability to add a +/- 4,900 SF building or a 10,000 SF building.
- Over five years remaining on the lease term for the largest tenant; no other leases expire until Q4 2025.
- Opportunity to increase rental income by raising rents to market rates as leases expire.
- Strategic location in Round Rock, less than two miles from Downtown, and minutes from Kalahari Resort and Dell Diamond.
- Seller will guaranty a 12‑month lease back on 3,300 SF at 1514 Palm Valley.
Overview
Round Rock Office Campus Investment
Merrell Campus is a 29,461 SF office campus comprising 6 buildings on 5.46 acres. Situated in Round Rock, the campus is set back from HWY 79 in a scenic open space, less than two miles from Downtown Round Rock and minutes from The Kalahari Resort and Convention Center and Dell Diamond. The property is 100% leased and cash-flowing, presenting a stable investment opportunity with potential upside. The largest tenant has over five years remaining on their lease term, and no other leases are set to expire until Q4 2025. There is an opportunity to bring the tenants up to a market rate as leases expire, since current rents are below market. The campus offers potential for future redevelopment, with options to add a +/- 4,900 SF building or remove an existing building and add a 10,000 SF building in its place. The TXDOT construction project to improve safety and traffic flow on HWY 79 between IH 35 and A.W. Grimes is set to begin in 2027. The NOI is $450,161.40. The seller will guaranty a 12-month lease back on the 3,300 SF at 1514 Palm Valley, with the buyer responsible for remodel TI/lease commission. There is the ability to build +/- 4,900 SF office on vacant pad.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Once Upon A StoryBook ...
Photography Service
the Real Santa Claus ...
Photography Service
Location Insight
- Map
- Local Demand
- City
- Round Rock
- County
- Williamson
- State
- Texas
- Longitude
- -97.6620975
- Latitude
- 30.5182025
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 29,461 SF office campus on 5.46 acres for sale.
Where is this office building located?
The property is located at 1514 / 1516 / 1518 Palm Valley Blvd Round Rock, TX.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 100% leased office campus providing stable cash flow with $450,161.40 NOI.; Significant upside potential through future redevelopment: ability to add a +/- 4,900 SF building or a 10,000 SF building.; Over five years remaining on the lease term for the largest tenant; no other leases expire until Q4 2025.
