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Paloma Ridge 3 Office Properties in Austin, TX
Investment Highlights
- Located within Austin's established Parmer Tech Corridor near major technology employers.
- Direct access to SH 45, FM 620, US 183, MoPac, and Interstate 35.
- Features extensive employee amenities and outdoor gathering spaces.
- Three-building Class A campus constructed between 2016 and 2020.
- Includes a retail pad site with frontage along FM 620.
- Diversified tenant roster spanning technology, healthcare, finance, and government users.
Executive Summary
Paloma Ridge is a three-building Class A office campus positioned within Far Northwest Austin's established Parmer Tech Corridor, one of the region's most recognized employment concentrations. Located near Apple's North Austin campus and offering direct connectivity to SH 45, FM 620, US 183, MoPac Expressway, and Interstate 35, the property provides access to major employers, residential communities, retail amenities, and the broader Austin metropolitan area. The campus spans more than thirty-six acres and includes a separately positioned retail pad with frontage along FM 620, creating additional long-term value potential.
Constructed between 2016 and 2020, the asset offers institutional-quality improvements, efficient floor plates, extensive parking, and a comprehensive amenity package designed to support modern workplace requirements. Amenities include a fitness center, yoga studio, outdoor gathering areas, jogging paths, food truck accommodations, outdoor fitness equipment, and campus-wide outdoor Wi-Fi. The property is Austin Energy Green Building and Energy Star certified and features enhanced power reliability infrastructure.
The investment opportunity is centered on a defined value-add leasing strategy supported by existing contractual revenue from two major tenants expected to vacate in the coming years. This structure provides cash flow during the transition period while creating the opportunity to capture future leasing upside within a submarket that continues to benefit from population growth, corporate investment, and expanding residential development throughout Northwest Austin, Cedar Park, Leander, Round Rock, and surrounding communities. The combination of newer construction, diversified tenancy, strong transportation access, and a strategic position within Austin's evolving employment corridor presents a compelling acquisition opportunity for investors seeking both current income and future growth potential.
Constructed between 2016 and 2020, the asset offers institutional-quality improvements, efficient floor plates, extensive parking, and a comprehensive amenity package designed to support modern workplace requirements. Amenities include a fitness center, yoga studio, outdoor gathering areas, jogging paths, food truck accommodations, outdoor fitness equipment, and campus-wide outdoor Wi-Fi. The property is Austin Energy Green Building and Energy Star certified and features enhanced power reliability infrastructure.
The investment opportunity is centered on a defined value-add leasing strategy supported by existing contractual revenue from two major tenants expected to vacate in the coming years. This structure provides cash flow during the transition period while creating the opportunity to capture future leasing upside within a submarket that continues to benefit from population growth, corporate investment, and expanding residential development throughout Northwest Austin, Cedar Park, Leander, Round Rock, and surrounding communities. The combination of newer construction, diversified tenancy, strong transportation access, and a strategic position within Austin's evolving employment corridor presents a compelling acquisition opportunity for investors seeking both current income and future growth potential.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 379,641 SF |
| Number of Properties | 3 | Total Land Area | 34.91 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 379,641 SF |
| Total Land Area | 34.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Paloma Ridge Building C
13620 Ranch Road 620 N, Austin, TX 78717 |
Office | 165,714 SF | 2020 | - |
|
Paloma Ridge Building B
13620 Ranch Road 620 N, Austin, TX 78717 |
Office | 108,622 SF | 2015 | - |
|
Paloma Ridge Building A
13620 Ranch Road 620 N, Austin, TX 78717 |
Office | 105,305 SF | 2015 | - |
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Contacts
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Matthew Murphy -
Kelsey Shebay -
Jared Chua -
Kiana Nemati -
Todd Savage -
Russell Ingrum -
Cole Sutter
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Cushman & Wakefield US, Inc.
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