Two (2) one (1) story office/retail buildings totaling 50,836 SF in Northwest Austin.
Research Business Park, a two-building, Class B office park comprised of 50,836 square feet in Austin, Texas. Located on U.S Highway 183, Research Business Park offers tenants a strong surrounding amenity base and proximity to some of north Austin’s most affluent neighborhoods. Situated in the Northwest-Far Northwest submarket, Austin’s strongest suburban office submarket, the Property has continued to benefit from improving fundamentals and limited new deliveries. Currently 94% leased with rents averaging 5.1% below market at expiration, the Property features a strong in-place cash flow with mark-to-market opportunities. Research Business Park provides investors the opportunity to acquire a well-leased office park with value-add potential in Austin’s Northwest Technology Corridor.