1516 E Palm Valley Boulevard, Round Rock

$7,500,000

0 Baths
5.47 Acres

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

Essential Information
MLS® #3266707
Price$7,500,000
Bathrooms0.00
Acres5.47
Year Built2001
TypeCommercial
Sub-TypeOffice
StatusActive
Community Information
Address1516 E Palm Valley Boulevard
SubdivisionHalbert Sub
CityRound Rock
CountyWilliamson
StateTX
Zip Code78664
Amenities
UtilitiesSee Remarks
ParkingAsphalt
ViewGarden
Interior
InteriorSee Remarks
HeatingSee Remarks
Exterior
FoundationSlab, See Remarks
Construction

Brick, Frame, Masonry, Stone, Block, Glass, See Remarks

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Property Listed by: Don Quick & Associates, Inc.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 21st, 2021 at 11:31am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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