$7,500,000
1516 E Palm Valley Blvd, Round Rock, TX 78664
0 Beds
0 Baths
29,461 sqft

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Merrell Campus is a 29,461 SF office campus made up of 6 buildings on 5.47 acres. The campus is located in a scenic open space set back from HWY 79 in the middle of Round Rock, less than two miles from Downtown Round Rock and only minutes from The Kalahari Resort and Convention Center and Dell Diamond. Among the scenic acreage of open space in the campus, there is potential for future redevelopment with options to add a +/- 4,900 SF building or removing one existing building and adding a 10,000 SF building in its place. Great investment opportunity to acquire a stable 100% leased cash-flowing property with tons of upside. Over eight years remaining on the lease term for the largest tenant and no other set to expire until Q3 2022. While the current rents are below market, as leases expire there is the opportunity to bring the tenants up to a market rate. The TXDOT construction project to improve safety and traffic flow on HWY 79 between IH 35 and A.W. Grimes is set to begin in 2023. Sale Price $7,500,000.00 NOI: $402,243.00 *Ability to build +/- 4,900 SF office on vacant pad
  • Price:
  • $7,500,000
  • Square Footage:
  • 29,461
  • Acreage:
  • 5.47
  • Year Built:
  • 2001
  • Listing ID #:
  • 3266707
  • Street Address:
  • 1516 E Palm Valley Blvd
  • City:
  • Round Rock
  • State:
  • Texas
  • Postal Code:
  • 78664
  • County:
  • Williamson
  • Community:
  • Rre
  • Subdivision:
  • Halbert Sub
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Building Condition:
  • Resale, See Remarks
  • Construction Description:
  • Brick, Block, Frame, Glass, Masonry, Stone, See Remarks
  • Ease Of Access:
  • See Remarks
  • Features:
  • See Remarks
  • Flooring:
  • See Remarks
  • Foundation:
  • Slab, See Remarks
  • Green Features:
  • See Remarks
  • Leasable Square Feet:
  • 29461
  • Total # Of Buildings:
  • 6
  • Total Building Square Footage:
  • 29461
  • View:
  • Garden
  • Year Built:
  • 2001
  • Year Built Source:
  • Public Records
  • Net Operating Income:
  • 402243
  • Documents On Hand:
  • Aerial, Lease, See Remarks, Survey
  • Approximate Lot Size Range Source:
  • See Remarks
  • Existing Land Use:
  • Commercial
  • Lot Size:
  • 5.47
  • Days On Market:
  • 61
  • On Market Date:
  • 2021-06-03
  • Originating Mls:
  • Actris
  • Terms:
  • Cash, Conventional, 1031 Exchange, See Remarks, Sbatypeloan
  • Subdivision:
  • Halbert Sub
  • Tax Year:
  • 2021
  • Horses Allowed:
  • Yes
  • Parking Description:
  • Asphalt
  • Existing Water:
  • See Remarks
  • Heating:
  • See Remarks
  • Sewage Type:
  • See Remarks
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Don Quick & Associates
  • TXAUSTIN

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