OVERVIEW

4107 Medical Parkway is an excellent investment opportunity located approximately four miles North of Downtown Austin. The property is a newly remodeled two-story professional office building that sits within the booming Central Medical District. Within walking distance to Central Market, Lamar Central, Seton Hospital, Austin Heart Hospital, and many other parks, shops and restaurants.

This office building provides easy access to Mopac from 35th or 45th street, allowing quick travel throughout the city.

FEATURES

  • Located 4 blocks away from Seton Medical
  • Excellent investment opportunity
  • Easy access to Mopac
  • Walking distance of Central Market and The Triangle

PROPERTY

Property Type

Office

RBA (sf)

12300

Floors

2

Typical Floor (sf)

5764

Year Built

1970

Renovated

2016

Tenancy

Multi

Construction

Masonry

Parking Type

Surface

Parking Ratio

3.33

Land Area (ac)

.49

Zoning

LO

ABN / Parcel ID

217819

DETAILS

4107 Medical Parkway is an excellent investment opportunity located approximately four miles North of Downtown Austin. The property is a newly remodeled two-story professional office building that sits within the booming Central Medical District. Within walking distance to Central Market, Lamar Central, Seton Hospital, Austin Heart Hospital, and many other parks, shops and restaurants. This office building provides easy access to Mopac from 35th or 45th street, allowing quick travel throughout the city.

Sale Type

Investment OR Owner/User

Price

$3,800,000

Current Cap Rate

5.3%

Current NOI

$258,821

100% Cap Rate

6.3%

100% NOI

$309,437

AGENTS

Steve Garnett

Vice President
Email: [email protected]
Direct: 512.961.6808

Ryan Perry

Vice President
Email: [email protected]
Direct: 512.694.5426

DOCUMENTS

PHOTOS