8705 Shoal Creek Blvd Austin, TX 78757

Property Details for 8705 Shoal Creek Blvd

Year built

1974

Construction

CONCRETE

Lot size

2.03 lot acres

Property size

26,016 SF

Property type

Office buildings

APN

245040538

APU

245040538

Description

Creek Plaza, located at 8705 Shoal Creek Blvd in Austin, Texas, presents a compelling investment opportunity. This two-story, 26,016 square foot traditional office building sits on a 2.03-acre lot, offering significant frontage on Shoal Creek Boulevard. The property boasts 100% occupancy with fifteen tenants under a multi-tenant net lease structure. Built in 1974, the building features 24,717 square feet of net rentable space and is zoned for commercial use. Its strategic location provides exceptional visibility and accessibility, with easy access to Mopac Expressway and Highway 183, experiencing high daily traffic volume. The property benefits from its proximity to key Austin landmarks, including The Domain, The Arboretum, and The Triangle, offering a diverse mix of retail, residential, and commercial activity. The asking price is $5,500,000, representing a 6.25% capitalization rate. This presents a unique chance to acquire a cash-flowing asset with potential for future appreciation in Austin's rapidly growing market. The absence of state income or investment tax in Texas further enhances the investment appeal.