8334 Cross Park Dr - Medical FOR SALE


Austin, TX 78754- Walnut Creek
$4,550,000 USD
512-580-6224
8334 Cross Park Dr, Austin, TX for Sale
$4,550,000 USD
Medical - FOR SALE
1/13
null | 6.86% Cap Rate

8334 Cross Park Dr
Austin, TX 78754
Walnut Creek


HIGHLIGHTS

  • Long-Term Stability with 10-Year NNN Lease
  • Established Tenant with Proven Operation
  • Specialized Medical Facility

OVERVIEW

The Medical Investment Group of Partners Real Estate is pleased to present a single-tenant net leased medical asset in a prime location, offering a fresh 10-year lease with a strong tenant operating since 1994. This 11,100 SF facility, built in 2006, features a specialized medical buildout with 20 inpatient beds, ensuring long-term functionality and stability. Situated on a 2.266-acre lot with a 4/1000 parking ratio, the property is 100% occupied, generating a net operating income of $312,000 at a 6.85% cap rate. Priced at $4,550,000 ($409.91/SF), this well-maintained asset presents an excellent investment opportunity in the growing medical real estate sector. Contact our team today for more details.

FOR SALE DETAILS

PRICE

$4,550,000 USD

PRICE/SF

$391 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,707 SF

ZONING

-

APN/PARCEL ID

368941

ASK ABOUT THIS PROPERTY

Ryan McCulloughPartnersMore Info
512-580-6224

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Ryan McCulloughPartnersMore Info
512-580-6224

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