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Medical Towers at Shadowglen 14008 Shadowglen Blvd 34,602 SF 100% Leased 4-Star Office Building Manor, TX 78653 For Sale
Investment Highlights
- Synergistic Medical Tenant Mix
- High Demand for Medical Services in the Market
- Affluent Austin, TX Metro Location
- Located in One of the Fastest Growing Cities in the U.S.
- Anchored by Leading Behavioral Health Provider
- Strategically Located Near Major Developments
Executive Summary
Northmarq is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 34,602-square-foot, multitenant medical outpatient building located in Manor, TX (Austin MSA). The Property is currently 95.6% occupied and contains tenants offering services such as: Behavioral Health Therapy, Pharmacy, Urgent Care, Dermatology, Dental, OB/GYN, and Women's Health services, providing a synergistic existing medical tenant mix. The Subject Property is subject to a NNN lease structure. Each tenant has varying annual rental escalations and renewal options available. The Subject Property currently has a weighted average lease term ("WALT") of 4.2 years.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
34,602 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2015
NOI
$1,205,203 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,228 SF
Building FAR
0.19
Lot Size
4.20 AC
Zoning
Commercial
Parking
180 Spaces (5.2 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Wheelchair Accessible
- Central Heating
- Natural Light
- Monument Signage
- Air Conditioning
- Smoke Detector
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 710219 | Improvements Assessment | $7,725,794 CAD |
| Land Assessment | $3,874,564 CAD | Total Assessment | $11,600,359 CAD |
Property Taxes
Parcel Number
710219
Land Assessment
$3,874,564 CAD
Improvements Assessment
$7,725,794 CAD
Total Assessment
$11,600,359 CAD
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Medical Towers at Shadowglen | 14008 Shadowglen Blvd
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