The Medical Towers at River Place, a premier multi-tenant medical office property. The property is a 36,000 rent-able square foot multi-tenant specialty medical office building located in the highly desirable community of River Place in Northwest Austin, with very strong demographics. It was fully built out in under one year from commencement of construction, with the LLC now paying preferred returns to investors.
Property Description:
- 100% Leased $880,000 NOI
- Year Developed: 2013
- Located in West Austin in an affluent area known as River Place
- New construction Class A – 36,000 square steel framed and stucco
- Core Lease Terms : $24 NNN with 3% annual rental increases
- Terms: 10-year leases, with 2 (5) Year options
Anchor Tenants:
- Allergy
- River Place OBGYN
- Birthing Center
- ENT
Please note that while all of our past projects involved our development team leaders as Lead or Co-Developers, not all were done so under the Perardi Development name.
