4303 Victory Drive, Austin, TX 78704
Price: $9,250,000
Size: 18,183 SF
4303 Victory Dr, Austin, TX 78704 is a rare and highly sought-after medical center investment opportunity for commercial real estate buyers. This property is currently for sale with a list price of $9,250,000 and boasts a cap rate of 7.01%. Victory Medical Center has a total area of 18,183 square feet and was renovated in 2018. Over $1,000,000 in capital improvements were put towards this renovation, including upgrades to the building's HVAC system, plumbing, and electrical systems, new flooring, fixtures, a fresh coat of paint, and new landscaping.
One of the main selling points of Victory Medical Center is its location. The property is situated in the highly desirable 78704 zip code and offers tremendous visibility to highway 290, which sees over 100,000 vehicles per day. This site is surrounded by a trove of dining, shopping, and essential amenities, making it a prime location for a medical practice. Additionally, the property is only one mile from St. David's South Austin location, a 368-bed full-service hospital, and within 15 minutes from over six other major hospitals.
Furthermore, Victory Medical Center is located less than half a mile from South Austin's biggest redevelopment projects in recent history, Brodie Oaks. This 37-acre shopping center is undergoing a massive transformation and will feature a mix of retail, office, and residential space, making it a vibrant hub of activity in the area.
Investing in this property offers a rare opportunity to take advantage of a single tenant investment with a sale-leaseback option. The tenant, Victory Medical Center, is a full-service medical practice with many dedicated providers and has been operating since 1996. With over 25 years of operating history, this makes them a stable and reliable tenant providing a reliable income stream and long-term investment potential for buyers.
Overall, 4303 Victory Dr, Austin, TX 78704 is a rare investment opportunity in one of the most desirable areas of Austin. With its prime location, strong tenant, recent renovations, and proximity to major redevelopment projects, this property is definitely worth considering for potential buyers. Don't miss out on the chance to invest in this stable and attractive commercial property.
Contact:
Connor Watson - 512-643-8079
Ryan McCullough - 512-580-6224
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