8701 Menchaca Rd Austin, TX 78748

The Trio at Manchaca, located at 8701 Menchaca Rd, Austin, TX 78748, offers a unique investment opportunity in the thriving Austin market. This three-building complex features 51,114 square feet of Class A medical office space, with 22 units across two stories. Building 1, a 51,114 square foot, two-level structure, is currently available for purchase or lease. Constructed of steel and concrete with storefront glass windows, it boasts a dramatic atrium entry, elegant common area bathrooms, and spacious outdoor patios. The building offers excellent visibility at a busy intersection and approximately 65 covered parking spaces (a 4.35:1,000 sq ft ratio). Units range from 1,187 to 12,500 square feet of contiguous space, perfect for owner-users or investors. The building's shell is available for purchase, with pricing ranging from $445 to $470 per square foot (inline and endcap spaces respectively), and patio space at $225 per square foot. Lease options are also available at $34 NNN for 7-10 year commitments, including a $40 tenant improvement allowance. The property sits on a 5.7-acre lot and is zoned GR/LR-CO. Phase II construction is underway, with shell delivery expected in Q1 2024. This is a rare opportunity to own a prime medical office space just fifteen minutes from downtown Austin. The property is 100% owned and vacant. Building 1 is a 2023 construction.