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Property Detail

East Anderson Lane
Portfolio comprising 1300 E Anderson Lane Buildings A and B, adjacent properties spanning .
$12,950,000

Description

  • Portfolio comprising 1300 E Anderson Lane Buildings A and B, adjacent properties spanning 75,806 square feet combined on a total of 3.5 acres.
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  • Less than a mile to Interstate 35, eight minutes to Tech Ridge, 13 min to Downtown Austin, 15 min to Austin Airport, and 16 min to Round Rock.
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  • Amenity-rich surroundings with Walmart, Target, Gold’s Gym, Office Depot, Academy Sports, and over 50 restaurants drivable in five minutes or less.
  • Features include labs, clear rooms, lobbies, conference rooms, break rooms, drive-in loading, and a full-service commercial kitchen.
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  • Invest in a growing area as the number of households rose by 16.4% from 2020-2024 and is expected to jump another 10% by 2029 within a 5-mile radius.
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  • Medical device R&D firm Artivion leases both buildings with a lease term ending in 2030 with renewal options.

Executive Summary

This portfolio sale presents the opportunity to acquire two fully leased research and development (R&D) assets perfectly aligned with Austin’s innovative spirit.

1300 E. Anderson Lane A and B span 35,486 and 40,320 square feet on 3.5 acres across two adjacent parcels. Some of the buildings’ features include lab spaces, clean rooms, lobbies, conference rooms, private offices, break rooms, and drive-in loading capabilities. Just the land itself is highly valuable as this submarket is filled with development and roughly only 5% of the land is vacant. *Ask about additional land owned area-adjacent by Byram Properties.

The properties contain highly desirable features providing long-term appreciation and future owner/user opportunities. Currently, the fully leased buildings grant future owners/users immediate income while phasing in new operations, but as-is, this is an excellent investment opportunity.

Artivion (https://artivion.com), is an R&D company that researches, develops, and produces heart valve medical devices and occupies Buildings A and B. No human tissue is a component of this Texas facility. The properties are very well maintained, and Artivion has made modernizing improvements, like the $250,000 generator installed in 2024. Artivion’s lease term ends in 2030 with renewal options, and the company has not indicated a desire to leave. To learn more about the tenant go to https://artivion.com/.

Austin is a hotbed for advanced tech, research, data, and science companies, all industries with ideal users for 1300 E Anderson Lane A and B. As a result, educated talent is plentiful; about 50% of the population within a 10-mile radius has a bachelor’s degree or higher, and the population continues to rise. Proximity to TX 183 and Interstate 35 allows tenants to commute with ease and reach some of the area’s biggest professional hubs, such as Tech Ridge, Parmer Center, Pflugerville, and Round Rock. The immediate area has its own convenient factors with dozens of shops, restaurants, entertainment, and hotels minutes away.

1300 E. Anderson Ln

Listing ID : 00686

SKU: 686

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Price History

DateEventPrice
December 6 2024Listed$12,950,000.00