Scottsdale Crossing Bldg. 1_Property for Sale
Scottsdale Crossing Bldg. 1_Property for Sale

Scottsdale Crossing Bldg. 1

1615 Scottsdale Drive, Leander, TX, 78641, US

Description

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire a fee simple interest in Scottsdale Crossing Building 1 (the “Property” or “Scottsdale Crossing”), a 30,000 square foot, shallow bay industrial building in Cedar Park, Texas. The Property is in an urban infill location in the Scottsdale Crossing development, just east of the Scottsdale Drive and US 183A intersection. Scottsdale Crossing is currently 100% leased to three tenants with 4.3 years of WALT. The Cedar Park submarket remains a high barrier to entry industrial market creating excellent long term rate growth and a steady tenant demand. The Property presents investors with the opportunity to acquire a stable, cash flowing, Class A industrial asset with excellent upside potential in one of America’s fastest growing suburbs.

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Attributes

Building area net
2,787 m²
Occupancy
100%
Year built
2018
Land area gross
0.85 ha
WAULT
4.2 years
Number of loading docks
6

Media

Investment Highlights

STABLE CASH FLOW WITH HIGH QUALITY TENANCY

100% LEASED TO 3 TENANTS WITH 4.3 YEARS OF WALT

VALUE ADD OPPORTUNITY

CURRENT TENANTS ARE 23% BELOW MARKET

CLASS A ASSET

RECENT CONSTRUCTION WITH IDEAL FLOORPLATE AND FINISHES

SUPERIOR SUBMARKET

AVERAGE OCCUPANCY OF 92% OUTPERFORMS THE AUSTIN MSA

STRONG SHALLOW BAY DEMAND

SHALLOW BAY BUILDINGS IN CEDAR PARK HAVE ABSORBED 2X THE AMOUNT OF NEW DELIVERIES OVER THE PAST 5 YEARS

NATION-LEADING SUBMARKET GROWTH

CEDAR PARK HAS SEEN 40% POPULATION GROWTH SINCE 2010

Scottsdale Crossing Bldg. 1 4_Property for Sale
Scottsdale Crossing Bldg. 1 4_Property for Sale

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Scottsdale Crossing Bldg. 1 (0 Properties)

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Last updated
8 Jul 2025