Marble Falls, Texas, (6/10/13) — KW Commercial announced the sale of a 10,129 square foot free-standing, office building at 507 Ranch Road 2147 West. The site, leased to NorthStar Bank ( formerly TreatyOaks bank ) , Westlake Dermatology, & Treehouse Dental, sits on the southern shore of Lake LBJ adjacent to the luxury neighborhood of LaVentana at Hwy 281 in Marble Falls . The building has 1,615 square feet of space which will be put on the market for lease.
Nick Nelson, CCIM and Jim Young, of KW Commercial, represented the Buyer, a repeat Client and local Austin investor. Jane Marie Hurst, of KW Commercial, represented the Seller, a local partnership.
“This property had strong fundamentals and has great financial performance even with the 1,615 square feet of vacancy. This project demonstrated some of the great deals still available in smaller markets but with great Tenants..” said Agents Nelson & Young.