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12708 Riata Vista CirAustin, TX 78727
HighFlex Technology Center
Asset ClassOffice, Data Center
Square Feet71,257
Land: 8.53 Acres% Leased: 73%Access Data Room
High Quality Office/Flex/R&D Project on Large Site | Next to Apple in NW Austin
overview of deal

Overview

Cushman & Wakefield’s Capital Markets team is pleased to present the opportunity to acquire HighFlex Technology Center, a 71,257 square foot project located next door to Apple’s South Campus. The single-story asset has a common corridor running the length of the building if the user/investor wants to split the building into multiple suites and has a parking ratio of 5/1000 on its expansive 8.53 acre site. With the project’s high parking ratio and ability to demise down to 1,000 square feet, the potential uses are numerous. Ideal for a user buyer, the project can immediately deliver 19,333 square feet with the ability to grow into the balance of the project or collect income from other tenants in the building.

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Investment Highlights

PRIME LOCATION WITH EXCEPTIONAL ACCESS

  • Located across the street from Apples south campus and approximately two miles from the Domain
  • Less than 5 minutes from the Domain and surrounded by retail amenities
  • 73% occupancy with short term leases allows for user purchase and immediate occupancy
  • A large percentage of the vacant space is in turn-key condition depending on use
  • Highly accessible with multiple access points to Parmer Lane and US 183
  • Numerous on site amenities including multiple conference and breakout rooms, tenant lounge, showers and immediate access to the numerous walking trails

FLEXIBLE ASSET TYPE CATERING TO DIVERSE TENANT BASE

  • Excellent visibility off of Riata Trace offering unmatched monument and building signage opportunities
  • Single story asset with center core to easily create smaller tenant spaces
  • Building depth allows for smaller to full project users to occupy
  • 5.0:1000 parking ratio allows for medical, and dense office occupancy
  • Ideal flexible project that caters to endless types of user buyers

EXCEPTIONAL LOCATION

  • Located in a dense residential and retail area offering thousands of options for employees to live in shop
  • In the center of Apple’s Austin Corporate hub
  • Direct access to US 183 and Parmer Lane via Riata Trace and Riata Vista Circle
  • Being less than 5 minutes from Domain allows users easy access to major employers without the traffic congestion
  • The North Austin suburbs house one of the largest educated workforces in the city due to upscale neighborhoods and very strong school systems

Property Description

Description
Address
12708 Riata Vista Circle, Austin, TX 78727
Net Rentable Area
71,257 SF
Land Size
8.53 Acres
Zoning
GO-CO General Office
Occupancy
72.9%
Parking
335 Spaces (5.0:1,000 NRSF)
Year Built
1999
Floors
Single-Story
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12708 Riata Vista CirAustin, TX 78727

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Listing provided by Revere CRE