Commercial Real Estate - Austin vs Round Rock
Hello, hoping somebody that is a little more familiar with the area could weigh in. I have the opportunity to invest (buy building with tenant) in one of two medical condo properties. Both have equivalent caliber tenants, with NNN leases, and similar cap rates.
Property 1 - Round Rock, TX (by the Round Rock High School/Round Rock Ave area) - $383/sqft - built 2008
Property 2 - Austin, TX (close to Slaughter Rd/Manchaca Rd) - $340/sqft - built 2015
Just based on that data which way would you lean? Specifically looking at future appreciation potential.