Overview
Cushman & Wakefield’s Capital Markets Group is pleased to present to the market, the opportunity to acquire Parkline at Lakeline, a 90,000 square foot project surrounded by some of the most dense retail amenities in the market. The single-story asset caters to virtually any tenant type and bookended by two major hospital systems, Texas Children’s Pediatrics and Dell Children’s Medical Center North Campus. The project caters to medical oriented tenants seeking high parking ratios in locations near major hospitals. Ease of access to Cedar Park, North Austin, Round Rock and Leander allows corporate users to tap into highly educated workforce located throughout North Austin.
Investment Highlights
PRIME LOCATION WITH EXCEPTIONAL ACCESS
- Located .25 miles from Dell Children’s Hospital North Campus and .5 miles from Texas Children’s Pediatrics North Austin
- Seven major retail centers within a mile radius
- 28% occupancy allows for user purchase and immediate occupancy
- Formerly occupied by Cigna, a large percentage of the vacant space is in turn-key condition depending on use
- 1000 feet of frontage along the highly travelled Lakeline Blvd provides a unique signage opportunity
- Pad site on the front of the project available for immediate sale, proceeds from which can offset Tenant finish cost
FLEXIBLE ASSET TYPE CATERING TO LARGE TENANT BASE
- Excellent visibility off of Lakeline Blvd offering unmatched monument and building signage opportunities
- Single story asset with potential to add center core easily to create smaller tenant spaces
- Building depth allows for smaller to full project users to occupy
- 5.57:1000 parking ratio allows for medical, and dense office occupancy
- Security oriented tenancy can occupy with zero interference from other tenants in the project
