5222 Thunder Creek Road, Austin, TX, 78759

5222 Thunder Creek Road Austin, TX 78759

5222 Thunder Creek Road, Austin, TX, 78759
5222 Thunder Creek Road, Austin, TX, 78759
FOR SALE
Property Type:
Single Tenant Office
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Jun 02, 2020

Highlights

  • Well maintained 1997 Class B Property
  • Currently leased to a single tenant, the building can be configured for multiple tenants
  • Layout includes:
  • A large open-area office (30 cubicles +/-) with cathedral ceilings, skylights and a dividing walkway with gobs of storage
  • Two 'training' sized rooms (approximately 28'x18')
  • Twelve individual offices
  • Conference room
  • Kitchen / Break area
  • Storage room

Description

Ideal for Owner/User and/or Investor – As the office market begins to respond to the changes being brought about by COVID 19, this a rare opportunity* to acquire a 9,704 SF single-story stand-alone office building in the Northwest Submarket. Stand-alone properties in this size range and location are in demand and hard to find in this market area. A stand-alone building offers an opportunity to be in control of your office environment.

*There are currently (as of 2020.05.29) three other properties for sale in the 7K - 11K SF range and 24 properties with 40 spaces in the 7K - 11K SF range for rent in the northwest market. Only one of these is in an building less than 10K SF.

Located on the corner of Thunder Creek Road and Angus Road. Great access to 183, Loop 360, Parmer Lane, Loop 1 & Burnet Road. Just minutes away from Apple (Riata & Parmer Campuses), Arboretum, and Domain.


Year Built: 1997
Building Size: 9704.0sq ft
Building Class: B
Lot Size: 1.25 acres

Map of 5222 Thunder Creek Road, Austin, TX, 78759

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.