Newman Business Park, a 7,488 square foot executive office complex and retail shopping center, is nestled in the Central Texas Hill Country, and is a value add opportunity to have great cash flow by simply purchasing it and maintaining tenant relationships.
The rehabilitated Newman Business Park has been carefully redesigned to combine the character of its time with the functionality and professionalism of a modern office suite. The atmosphere portrays a strong sense of credibility and comfort, which is a nice break from the institutional office complexes. Newman Business Park is located in NW Austin, 1/5 mile from the intersection at Hwy 183 and Anderson Mill Rd. Offering high visibility for retailers, convenient access for shoppers and office users, the property is mere minutes from IH-35, Parmer Lane, and the new State Highway I-45 Interchange.
Download: Sales Package (2.5MB)
For Sale: Recently Redeveloped Business Park
Property: Newman Business Park
Location: Northwest Austin, Williamson County
Address: 9414 Anderson Mill Rd, Austin, TX 78729
Description: Business Park with high visibility adding new construction building. Property is a park-like setting and has been a hit with retail, professional, and office clients.
| Details: |
7,488 SF Total
(5,088 SF existing; 2,400 SF proposed) 7,208 GLA |
| Completion Date: |
Redeveloped in 2003
Building V to be complete Summer 2007 (fully leased) |
| Price: | $2,049,775 |
| Cap. Rate: | 8.0% |
Contact Noble Capital for more information about this property.