7301 Metro Center Dr, Austin, TX 78744 – Research & Development

IndustrialYear Built 2001Total Assessed Value $79,331,818County Travis

Property Details

The Industrial property 7301 Metro Center Dr, Austin, TX 78744 is located in Travis County. The specific property type is Research & Development. The total assessed value of this property is $79,331,818.

The gross building area is 257,600 square feet and the land area is 1,168,628 square feet for this Research & Development built in 2001.

Legal description: Lot 5-F Blk B Metro Center Sec 6 Amend Resub Lot 5 Blk B

$79,331,818

Market Value

8.90%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 7301 Metro Center Dr, Austin, TX 78744, Industrial

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Property Information

Property TypeIndustrial

Sub Property TypeResearch & Development

Building Area257,600

Land Size1,168,628

Land Value$3,505,883

Improved Value$75,825,935

Total Assessed Value$79,331,818

Year Built2001

County NameTravis

Account Number507945

Cap Rate8.90%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningYes

HeatingYes

Roof CoverWood shake or shingles

Roof TypeGable

Type ConstructionConcrete

No of Stories1

Sales History

7/8/2021

Arms-length$31,000,000

Buyer

Bgogc Met Center 15 Lp

Seller

Mc 15 Owner Llc

Book Number

2021.153099

Recording Date

7/8/2021

Transaction Details

Bgogc Met Center 15 Lp acquired the property from Mc 15 Owner Llc through a Arms-length transaction on 7/8/2021 for $31,000,000.

4/22/2016

Arms-lengthNot Disclosed

Buyer

Mc 15 Owner Llc

Seller

Nnn Met Center 15 Llc

Book Number

2016.61785

Recording Date

4/22/2016

Transaction Details

Mc 15 Owner Llc acquired the property from Nnn Met Center 15 Llc through a Arms-length transaction on 4/22/2016 for .

7/21/2015

In-houseNot Disclosed

Buyer

Nnn Met Center 15 Llc

Seller

Nnn Met Center 15 Llc Etal

Book Number

2015120504

Recording Date

7/21/2015

Transaction Details

Nnn Met Center 15 Llc acquired the property from Nnn Met Center 15 Llc Etal through a In-house transaction on 7/21/2015 for .

4/23/2015

Arms-lengthNot Disclosed

Buyer

Nnn Met Center 15 Llc Etal

Seller

Nnn Met Center 15 27 Llc

Book Number

2015065671

Recording Date

4/23/2015

Transaction Details

Nnn Met Center 15 Llc Etal acquired the property from Nnn Met Center 15 27 Llc through a Arms-length transaction on 4/23/2015 for .

8/12/2005

Arms-length$28,000,000

Buyer

Nnn Met Center 15 Llc

Seller

Progressive Casualty Insurance Co

Book Number

2005153508

Recording Date

8/12/2005

Transaction Details

Nnn Met Center 15 Llc acquired the property from Progressive Casualty Insurance Co through a Arms-length transaction on 8/12/2005 for $28,000,000.

6/2/2005

In-houseNot Disclosed

Buyer

Progressive Casualty Insurance Co

Seller

Progressive County Mutual

Book Number

2005098472

Recording Date

6/2/2005

Transaction Details

Progressive Casualty Insurance Co acquired the property from Progressive County Mutual through a In-house transaction on 6/2/2005 for .

11/10/2004

In-houseNot Disclosed

Buyer

Met Center Partners5 Ltd

Seller

Met Center Partners5 Ltd &

Book Number

2004213376

Recording Date

11/10/2004

Transaction Details

Met Center Partners5 Ltd acquired the property from Met Center Partners5 Ltd & through a In-house transaction on 11/10/2004 for .

12/11/2000

In-houseNot Disclosed

Buyer

Met Center Partners5 Ltd

Seller

Met Center Myctex Ltd

Book Number

2000197386

Recording Date

12/11/2000

Transaction Details

Met Center Partners5 Ltd acquired the property from Met Center Myctex Ltd through a In-house transaction on 12/11/2000 for .

Property constructed in 2001

YSale Price (USD) byXSales Year

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Mortgage History

2/14/2020

Helocs both purchase money and non purchase money helocs$31,000,000

Borrower

Mc 15 Owner Llc

Lender

Barclays Capitawl Real Estate Inc

Book Number

2020.24954

Recording Date

2/14/2020

Transaction Details

Mc 15 Owner Llc borrowed the property from Barclays Capitawl Real Estate Inc through a Helocs both purchase money and non purchase money helocs transaction on 2/14/2020 for $31,000,000.

3/28/2018

Helocs both purchase money and non purchase money helocs$32,000,000

Borrower

Mc 15 Owner Llc

Lender

Narrative Capital Funding Llc

Book Number

2018.46426

Recording Date

3/28/2018

Transaction Details

Mc 15 Owner Llc borrowed the property from Narrative Capital Funding Llc through a Helocs both purchase money and non purchase money helocs transaction on 3/28/2018 for $32,000,000.

Property constructed in 2001

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$3,505,883	$66,801,215	$70,307,098	$70,307,098	Bgogc Met Center 15 ...	180 Sutter St Ste 40...	Lot 5-F Blk B Metro ...	SE	S16036	1,168,628	257,600
2025	$3,505,883	$47,494,117	$51,000,000	$51,000,000	Bgogc Met Center 15 ...	180 Sutter St Ste 40...	Lot 5-F Blk B Metro ...	SE	S16036	1,168,628	257,600
2024	$3,505,883	$54,494,117	$58,000,000	$58,000,000	Bgogc Met Center 15 ...	180 Sutter St Ste 40...	Lot 5-F Blk B Metro ...	SE	S16036	1,168,628	257,600
2023	$3,505,883	$54,494,117	$58,000,000	$58,000,000	Bgogc Met Center 15 ...	180 Sutter St Ste 40...	Lot 5-F Blk B Metro ...	SE	S16036	1,168,628	257,600
2022	$3,505,883	$70,533,307	$74,039,190	$74,039,190	Bgogc Met Center 15 ...	180 Sutter St Ste 40...	Lot 5-F Blk B Metro ...	SE	S16036	1,168,628	516,848
2021	$3,505,883	$53,687,816	$57,193,699	$57,193,699	Mc 15 Owner Llc	7600 N 15th St Ste 1...	Lot 5-F Blk B Metro ...	66SEA	S16036	1,168,628	258,424
2020	$3,505,883	$42,944,117	$46,450,000	$46,450,000	Mc 15 Owner Llc	7600 N 15th St Ste 1...	Lot 5-F Blk B Metro ...	66SEA	S16036	1,168,628	258,424
2019	$3,505,883	$38,994,117	$42,500,000	$42,500,000	Mc 15 Owner Llc	7600 N 15th St Ste 1...	Lot 5-f Blk B Metro ...	66SEA	S16036	1,168,628	258,424
2018	$3,505,883	$35,994,117	$39,500,000	$39,500,000	Mc 15 Owner Llc	7600 N 15th St Ste 1...	Lot 5-f Blk B Metro ...	66SEA	S16036	1,168,628	258,424
2017	$3,505,883	$34,511,551	$38,017,434	$38,017,434	Nnn Met Center 15 Ll...	8101 Asmara Dr	Lot 5-F Blk B Metro ...	66SEA	S16036	1,168,628	258,424

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
7301 Metro Center Dr, Austin, TX 78744	507945	Industrial	Research & Development	Bgogc Met Center 15 Owner Lp	Travis	-	$ 31,000,000	2021-07-08	$ 120.34	2001	257,600	-
7401 E Ben White Blvd, Austin, TX 78741	464117	Industrial	Research & Development	Wsw Mc Austin Owner Ix Lp	Travis	0.4	$ 63,840,000	2024-09-11	$ 314.12	1999	203,235	-
979 Springdale Rd A, Austin, TX 78702	192563	Industrial	Research & Development	979 Springdale Road Lp	Travis	3.7	$ 24,000,000	2024-09-06	$ 107.60	1970	223,056	-
2100 Kramer Ln, Austin, TX 78758	256606	Industrial	Research & Development	Braker Metric Business Parks Llc	Travis	12.6	$ 19,261,352	2023-02-24	$ 188.00	1982	102,454	-
3000 Kellway Dr, Carrollton, TX 75006	14060600010010000	Industrial	Research & Development	Blue Ridge Partners Llc	Dallas	198.5	$ 14,630,000	2025-01-02	$ 139.76	1999	104,681	-
11209 Metric Blvd, Austin, TX 78758	502390	Industrial	Research & Development	B9 Sequoia Braker Owner Lp	Travis	12.6	$ 28,668,596	2022-07-07	$ 317.22	1985	90,374	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	7301 Metro Center Dr, Austin, TX 78744	—	-	1,168,628	2001	257,600	$ 79,331,818	$ 3,505,883	-
Thrive Lending Fund Ii Llc	1300 Research Blvd, Austin, TX 78753	09/12/2025	$ 3,319,092	153,919	1981	61,632	$ 9,757,668	$ 1,231,354	1300 Anderson Lane Llc
Chaw Inv 2 Llc	5204 W Hy U 290 S, Austin, TX 78735	09/11/2025	$ 520,830	141,178	2002	19,126	$ 1,962,650	$ 1,016,474	Greenspace Solutions Llc
Horizon Bank Ssb	6506 Burnet Rd, Austin, TX 78757	09/05/2025	$ 1,596,000	16,448	1974	6,000	$ 1,792,611	$ 1,258,349	El Desarrollo 4 Llc
Riversource Life Insurance Co	8900 Shoal Creek Blvd, Austin, TX 78757	08/20/2025	$ 5,000,000	296,208	1972	80,167	$ 16,250,000	$ 15,195,470	8900 Shoal Creek Llc
Woodforest National Bank	4055 Technology Forest Blvd, The Woodlands, TX 77381	08/13/2025	$ 4,000,000	166,834	2011	50,167	$ 6,300,000	$ 1,668,340	Fly Conroe Properties Llc
Wells Fargo Bank Na	2150 Woodward St, Austin, TX 78744	07/07/2025	$ 300,000,000	319,983	1982	115,075	$ 31,022,609	$ 2,239,874	Agellan Commercial Reit Us Lp
Wells Fargo Bank Na	2170 Woodward St, Austin, TX 78744	07/07/2025	$ 300,000,000	274,428	1983	72,000	$ 19,372,987	$ 1,920,996	Agellan Commercial Reit Us Lp
Wells Fargo Bank Na	2120 W Braker Ln, Austin, TX 78756	07/07/2025	$ 300,000,000	231,892	1984	45,913	$ 24,654,111	$ 17,391,825	Agellan Commercial Reit Us Lp
Reznik Paz Nevo Trusts Ltd	100 Michael Angelo Way, Austin, TX 78728	07/07/2025	$ 163,276,998	217,974	1999	56,430	$ 15,413,162	$ 1,307,844	Corridor Park Lp
Commercewest Bank Na	2914 Montopolis Dr, Austin, TX 78741	05/30/2025	$ 13,000,000	307,926	1997	75,000	$ 15,300,000	$ 2,463,405	Semicon Commerce Center Llc

Mean$ 60,692,005

Median$ 5,933,750.0

Loan Amount Range$ 250,000 - $ 300,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
7301 METRO CENTER DR, AUSTIN, TX 78744-1748	STONECIPHER, ROBERT F MD	5126640020	PHYSICIANS & SURGEONS
7301 METRO CENTER DR, AUSTIN, TX 78744-1748	STONECIPHER, ROBERT F MD	5126640020	MEDICAL & SURGICAL SVC ORGANIZATIONS
7301 METRO CENTER DR # 100, AUSTIN, TX 78744-1748	WASTE MANAGEMENT INC	5123568101	WASTE DISPOSAL
7301 METRO CENTER DR, AUSTIN, TX 78744-1748	PONG, KATHY L NP	5126640020	NURSES-PRACTITIONERS
7301 METRO CENTER DR, AUSTIN, TX 78744-1748	PROGRESSIVE INSURANCE	5122534796	INSURANCE

Showing 1 to 5 of 5 entries

Tenant Industry Distribution

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License Details

This details prefers to stay low-key.

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