2220 Lakeway Blvd - Medical FOR SALE


Austin, TX 78734
$2,725,000 USD
512-433-6999
2220 Lakeway Blvd, Austin, TX for Sale
$2,725,000 USD
Medical - FOR SALE
1/6
null | 6% Cap Rate

2220 Lakeway Blvd
Austin, TX 78734


HIGHLIGHTS

  • 100% Leased - 5 Tenants | Diverse Tenant Mix
  • Below Market Rents - $19.42 | Value Add Upside by getting to Market rents
  • $203,600+ Average Household Income in a 1 Mile Radius
  • 15 Miles to Downtown Austin and Texas Capitol
  • 20 Miles to Austin-Bergstrom Int'l Airport | 1 Mile to Lakeway Airpark
  • Direct Access to Lakeway Boulevard through Exclusive Lakeway Neighborhood

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heart of Lakeway

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C1

APN/PARCEL ID

01377601040000

ASK ABOUT THIS PROPERTY

Parker CarrollTREK Investment GroupMore Info
512-433-6999

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Parker CarrollTREK Investment GroupMore Info
512-433-6999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.