$7,500,000
Sqft: 29,461
Sqft lot: 238,273
Acre lot: 5.47
187 Days On Market

Property listed by Don Quick & Associates, Inc..

Status: Active
Property Type: Office
Year Built: 2001
Days On Website: 187

Property Details for 1516 E Palm Valley Boulevard, Round Rock, TX 78664

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

House

  • Built in 2001
  • 29461 total building sqft
  • Brick
  • Block
  • Frame
  • Glass
  • Masonry
  • Stone

Disclosures

  • Municipal Utility District Disclosure

Foundation

  • Slab

Income

  • Gross Scheduled Income: 0
  • Net Operating Income: 402243

Listing

  • Property Subtype: Office
  • 53 days on market
  • Listed on 2021-06-03
  • 29461 leasable sqft

Location

  • County: Williamson
  • Subdivision: Halbert Sub

Lot

  • 238273 sqft
  • 5.47 acres
  • Area: 5.47

Parking

  • 100 total parking spaces
  • Asphalt

Property

  • 6 buildings
  • Resale
  • Horse property
  • Garden

Taxes

  • Year: 2021

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$7,500,000 - 1516 E Palm Valley Boulevard, Round Rock, TX 78664

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1516 E Palm Valley Boulevard
Round Rock, TX 78664
County: Williamson