1516 E Palm Valley Boulevard, Round Rock, TX

$7,500,000

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5.47

Acres

About 1516 E Palm Valley Boulevard

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

Features of 1516 E Palm Valley Boulevard

MLS® # 3266707
Price $7,500,000
Bathrooms 0.00
Acres 5.47
Year Built 2001
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 1516 E Palm Valley Boulevard
Area RRE
Subdivision Halbert Sub
City Round Rock
County Williamson
State TX
Zip Code 78664

Amenities

Utilities See Remarks
Parking Asphalt
View Garden
Is Waterfront No
Has Pool No

Interior

Interior See Remarks
Heating See Remarks
Fireplace No

Exterior

Construction Brick, Frame, Masonry, Stone, Block, Glass, See Remarks
Foundation Slab, See Remarks

Additional Information

Date Listed June 3rd, 2021
Days on Market 115
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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