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Building 5 4625 W William Cannon Dr 6,799 SF Retail Building Austin, TX 78749 $5,061,792 CAD ($744.49 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- +/- 0.231 acre lot (plus share of common areas)
- Large surface parking field
- High-demand office space in limited development area
- Energy-efficient construction
- Commercial condominium regime with shared cross-access and common areas maintained by Condo Association
- Walking distance to amenities such as shopping, restaurants, gyms
EXECUTIVE SUMMARY
LEASE HIGHLIGHTS
• 3 year renewal option exercised 5/1/2025 after 10 year primary term
• Triple-Net Lease (Landlord responsible: structure/roof)
• Tenant responsibilities for all utilities, taxes, insurance and CAM
• Annual rent rate increases of $0.50/SF/year
• NNN expenses include a management fee to the Landlord
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
-
Jan 0000
MLC CAD Systems is a leading provider of 3D design and manufacturing solutions, offering best-in-class products and services from SOLIDWORKS, Mastercam, Markforged, and Formlabs. Founded in 1982 in Austin, Texas, the company has grown to over 24 locations across the United States, becoming one of North America's largest resellers of CAD, CAM, CAE, PLM, and 3D printing technologies. With a team of professionals and more than 515 SOLIDWORKS certifications, MLC CAD Systems delivers unbeatable service backed by decades of industry expertise. From concept to production, their award-winning application experts support customers every step of the way, helping engineers and manufacturers streamline processes and innovate with confidence. Privately owned and deeply committed to both customer and employee satisfaction, MLC CAD Systems continues to expand and evolve, maintaining its reputation as the #1 Mastercam reseller in the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Professional, Scientific, and Technical Services | 99,999 SF | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,681,994 CAD | |
| Land Assessment | $5,599,022 CAD | Total Assessment | $13,281,016 CAD |
PROPERTY TAXES
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Building 5 | 4625 W William Cannon Dr
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