13929 Center Lake DrAustin, TX 78753

Property Details for 13929 Center Lake Dr

Year built

2020

Lot size

21.64 AC

Property size (Sq ft)

188,893 SF

Property type

Office buildings

APN

260281201

APU

260281201

Description

This exceptional 12,665-square-foot executive office space is available for lease in Austin, Texas. Located at 13929 Center Lake Drive, Building 1, in the 78753 zip code, this single-tenant property offers unparalleled flexibility for businesses seeking to establish or expand their presence in Northeast Austin. The building is situated within a thriving campus environment, providing a supportive and collaborative atmosphere. The property boasts convenient access to major Austin thoroughfares, ensuring seamless commutes for employees and clients alike. This Travis County location offers a strategic advantage for businesses seeking to tap into Austin's dynamic economy. The entire 12,665 square feet is currently vacant, presenting a unique opportunity for a single tenant to customize the space to perfectly meet their specific needs. The long-term ownership and operation by Alexandria Real Estate Equities, Inc. provides stability and assurance for prospective tenants. This prime location in Northeast Austin offers a blend of convenience, accessibility, and a supportive business environment, making it an ideal choice for discerning businesses seeking a high-quality office space. The property's size and single-tenant occupancy provide a rare opportunity for a company to establish a significant presence in a desirable Austin location. Further details regarding lease terms and building amenities are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $60,064,220

  6.5%

  $55,443,896

  7%

  $51,483,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,552,676

  Geo Method

  $56,552,676

• Alternative Use

  Use

  Valuation

  Residential

  $68,750,432

  Hospitality

  $62,975,024

  Educational

  $52,394,480

  Medical

  $54,196,408

  Retail

  $81,502,528

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4086

Longitude

-97.6556

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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