7551 Metro Center Dr, Austin, TX 78744 – Research & Development

IndustrialYear Built 2000Total Assessed Value $79,469,363County Travis

Property Details

The Industrial property 7551 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 $79,469,363.

The gross building area is 345,600 square feet and the land area is 2,166,308 square feet for this Research & Development built in 2000.

Legal description: Lot 5-G & 5-H Blk B Metro Center Sec 6 Rsb Lt 5-E Bl B Amd Of Rsb Lt 5 Bl B

$79,469,363

Market Value

8.90%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 7551 Metro Center Dr, Austin, TX 78744, Industrial

1 / 3

Property Information

Property TypeIndustrial

Sub Property TypeResearch & Development

Building Area345,600

Land Size2,166,308

Land Value$6,823,880

Improved Value$72,645,483

Total Assessed Value$79,469,363

Year Built2000

County NameTravis

Account Number719468

Cap Rate8.90%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof CoverWood shake or shingles

Roof TypeFlat

Type ConstructionOther

No of Stories2

Garage TypeOpen 962

Sales History

4/15/2021

Arms-length$77,700

Buyer

Bgogc Met Center 10 Owner Lp

Seller

Mc 10 Owner Llc

Book Number

2021.83738

Recording Date

4/15/2021

Transaction Details

Bgogc Met Center 10 Owner Lp acquired the property from Mc 10 Owner Llc through a Arms-length transaction on 4/15/2021 for $77,700.

12/20/2019

Arms-length$51,250,000

Buyer

Mc 10 Owner Llc

Seller

Met Center 7551 Llc

Book Number

2019.201633

Recording Date

12/20/2019

Transaction Details

Mc 10 Owner Llc acquired the property from Met Center 7551 Llc through a Arms-length transaction on 12/20/2019 for $51,250,000.

6/4/2013

Arms-lengthNot Disclosed

Buyer

Met Center 7551, Llc

Seller

Book Number

2013101400

Recording Date

6/4/2013

Transaction Details

Met Center 7551, Llc acquired the property from through a Arms-length transaction on 6/4/2013 for .

5/31/2013

OtherNot Disclosed

Buyer

Southbridge Investments Llc

Seller

Montgomery Christopher

Book Number

Recording Date

5/31/2013

Transaction Details

Southbridge Investments Llc acquired the property from Montgomery Christopher through a Other transaction on 5/31/2013 for .

3/5/2013

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 15 Llc

Book Number

2013101387

Recording Date

3/5/2013

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 15 Llc through a Arms-length transaction on 3/5/2013 for .

3/5/2013

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 Llc

Book Number

2013101374

Recording Date

3/5/2013

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 Llc through a Arms-length transaction on 3/5/2013 for .

12/21/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 22 Llc

Book Number

2013.101394

Recording Date

12/21/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 22 Llc through a Arms-length transaction on 12/21/2012 for .

12/18/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 23 Llc

Book Number

2013.101395

Recording Date

12/18/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 23 Llc through a Arms-length transaction on 12/18/2012 for .

12/13/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 13 Llc

Book Number

2013.101385

Recording Date

12/13/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 13 Llc through a Arms-length transaction on 12/13/2012 for .

12/13/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 3 Llc

Book Number

2013101377

Recording Date

12/13/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 3 Llc through a Arms-length transaction on 12/13/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nn Met Center 10 16 Llc

Book Number

2013101388

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nn Met Center 10 16 Llc through a Arms-length transaction on 12/12/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 18 Llc

Book Number

2013.101390

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 18 Llc through a Arms-length transaction on 12/12/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 25 Llc

Book Number

2013.101397

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 25 Llc through a Arms-length transaction on 12/12/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 26 Llc

Book Number

2013.101398

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 26 Llc through a Arms-length transaction on 12/12/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 14 Llc

Book Number

2013.101386

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 14 Llc through a Arms-length transaction on 12/12/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 17 Llc

Book Number

2013.101389

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 17 Llc through a Arms-length transaction on 12/12/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 5 Llc

Book Number

2013101379

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 5 Llc through a Arms-length transaction on 12/12/2012 for .

12/12/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 1 Llc

Book Number

2013101375

Recording Date

12/12/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 1 Llc through a Arms-length transaction on 12/12/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Ment Center 755 Llcnnn Met Center 10 7 L

Seller

Nnn Met Center 10 7 Llc

Book Number

2013101381

Recording Date

12/11/2012

Transaction Details

Ment Center 755 Llcnnn Met Center 10 7 L acquired the property from Nnn Met Center 10 7 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 21 Llc

Book Number

2013.101393

Recording Date

12/11/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 21 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551, Llc

Seller

Nnn Met Center 10 4 Llc

Book Number

2013.101378

Recording Date

12/11/2012

Transaction Details

Met Center 7551, Llc acquired the property from Nnn Met Center 10 4 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 27 Llc

Book Number

2013.101399

Recording Date

12/11/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 27 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551, Llc

Seller

Nnn Met Center 10 24 Llc

Book Number

2013101396

Recording Date

12/11/2012

Transaction Details

Met Center 7551, Llc acquired the property from Nnn Met Center 10 24 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 9 Llc

Book Number

2013.101383

Recording Date

12/11/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 9 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 6 Llc

Book Number

2013.101380

Recording Date

12/11/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 6 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center Llc

Seller

Nnn Center 10 19 Llc

Book Number

2013101391

Recording Date

12/11/2012

Transaction Details

Met Center Llc acquired the property from Nnn Center 10 19 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 28 Llc

Book Number

2013.101400

Recording Date

12/11/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 28 Llc through a Arms-length transaction on 12/11/2012 for .

12/11/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551, Llc

Seller

Nnn Met Center 10 2 Llc

Book Number

2013.101376

Recording Date

12/11/2012

Transaction Details

Met Center 7551, Llc acquired the property from Nnn Met Center 10 2 Llc through a Arms-length transaction on 12/11/2012 for .

12/10/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 8 Llc

Book Number

2013.101382

Recording Date

12/10/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 8 Llc through a Arms-length transaction on 12/10/2012 for .

12/10/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 20 Llc

Book Number

2013.101392

Recording Date

12/10/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 20 Llc through a Arms-length transaction on 12/10/2012 for .

3/4/2012

Arms-lengthNot Disclosed

Buyer

Met Center 7551 Llc

Seller

Nnn Met Center 10 11 Llc

Book Number

2013101384

Recording Date

3/4/2012

Transaction Details

Met Center 7551 Llc acquired the property from Nnn Met Center 10 11 Llc through a Arms-length transaction on 3/4/2012 for .

2/1/2011

Arms-length$18,287,500

Buyer

Bacm 20053 Met Center Office Llc

Seller

Nnn Met Center 10 Llc

Book Number

2011016591

Recording Date

2/1/2011

Transaction Details

Bacm 20053 Met Center Office Llc acquired the property from Nnn Met Center 10 Llc through a Arms-length transaction on 2/1/2011 for $18,287,500.

3/30/2005

Other$44,880,000

Buyer

Seller

Book Number

Recording Date

3/30/2005

Transaction Details

acquired the property from through a Other transaction on 3/30/2005 for $44,880,000.

Property constructed in 2000

YSale Price (USD) byXSales Year

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Mortgage History

4/15/2021

Helocs both purchase money and non purchase money helocs$62,187

Borrower

Bgogc Met Center 10 Owner Lp

Lender

Bank Of America Na

Book Number

2021.83739

Recording Date

4/15/2021

Transaction Details

Bgogc Met Center 10 Owner Lp borrowed the property from Bank Of America Na through a Helocs both purchase money and non purchase money helocs transaction on 4/15/2021 for $62,187.

12/20/2019

Helocs both purchase money and non purchase money helocs$41,000,000

Borrower

Mc 10 Owner Llc

Lender

Narrative Capital Funding Llc

Book Number

2019.201634

Recording Date

12/20/2019

Transaction Details

Mc 10 Owner Llc borrowed the property from Narrative Capital Funding Llc through a Helocs both purchase money and non purchase money helocs transaction on 12/20/2019 for $41,000,000.

6/4/2014

Sale$29,250,000

Borrower

Met Center 7551 Llc

Lender

Book Number

Recording Date

6/4/2014

Transaction Details

Met Center 7551 Llc borrowed the property from through a transaction on 6/4/2014 for $29,250,000.

Property constructed in 2000

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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	$6,823,880	$63,015,508	$69,839,388	$69,839,388	Bgogc Met Center 10 ...	180 Sutter St Ste 40...	Lot 5-G & 5-H Blk B ...	SE	S16111	2,166,311	345,600
2025	$6,823,880	$72,645,483	$79,469,363	$79,469,363	Bgogc Met Center 10 ...	180 Sutter St Ste 40...	Lot 5-G & 5-H Blk B ...	SE	S16111	2,166,308	345,600
2024	$6,823,880	$58,056,120	$64,880,000	$64,880,000	Bgogc Met Center 10 ...	180 Sutter St Ste 40...	Lot 5-G & 5-H Blk B ...	SE	S16111	2,166,308	345,600
2023	$6,823,880	$58,056,844	$64,880,724	$64,880,724	Bgogc Met Center 10 ...	180 Sutter St Ste 40...	Lot 5-G & 5-H Blk B ...	SE	S16111	2,166,308	345,600
2022	$4,690,892	$51,059,108	$55,750,000	$55,750,000	Bgogc Met Center 15 ...	180 Sutter St Ste 40...	Lot 5-G & 5-H Blk B ...	SE	S16111	2,166,308	345,600
2021	$4,690,892	$60,482,436	$65,173,328	$65,173,328	Bgogc Met Center 10 ...	180 Sutter St Ste 40...	Lot 5-G & 5-H Blk B ...	66SEA	S16111	1,496,665	345,600
2020	$4,690,892	$48,309,108	$53,000,000	$53,000,000	Mc 10 Owner Llc	17470 N Pacesetter W...	Lot 5-G & 5-H Blk B ...	66SEA	S16111	2,166,308	345,600
2019	$4,690,892	$48,087,368	$52,778,260	$52,778,260	Met Center 7551 Llc ...	Bacm 2005-3 Met Cent...	Lot 5-g & 5-h Blk B ...	66SEA	S16111	2,166,308	345,600
2018	$4,690,892	$46,535,925	$51,226,817	$51,226,817	Met Center 7551 Llc ...	Bacm 2005-3 Met Cent...	Lot 5-g & 5-h Blk B ...	66SEA	S16111	2,166,308	345,600
2017	$4,690,892	$39,529,878	$44,220,770	$44,220,770	Met Center 7551 Llc ...	Bacm 2005-3 Met Cent...	Lot 5-G & 5-H Blk B ...	66SEA	S16111	2,166,308	345,600

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Showing 1 to 10 of 18 entries

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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 ↕
7551 Metro Center Dr, Austin, TX 78744	719468	Industrial	Research & Development	Bgogc Met Center 10 Owner Lp	Travis	-	-	-	-	2000	345,600	-
7401 E Ben White Blvd, Austin, TX 78741	464117	Industrial	Research & Development	Wsw Mc Austin Owner Ix Lp	Travis	0.3	$ 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	3.6	$ 24,000,000	2024-09-06	$ 107.60	1970	223,056	-
3000 Kellway Dr, Carrollton, TX 75006	14060600010010000	Industrial	Research & Development	Blue Ridge Partners Llc	Dallas	198.3	$ 14,630,000	2025-01-02	$ 139.76	1999	104,681	-

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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 ↕
—	7551 Metro Center Dr, Austin, TX 78744	—	-	2,166,308	2000	345,600	$ 79,469,363	$ 6,823,880	-
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

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
7551 METRO CENTER DR STE 100, AUSTIN, TX 78744-1645	TEXAS WORKERS COMPENSATION	5128044000	GOVERNMENT OFFICES-STATE
7551 METRO CENTER DR STE 300, AUSTIN, TX 78744-1645	PPD INC	5124472663	FISHERY CONSULTANTS
7551 METRO CENTER DR STE 200, AUSTIN, TX 78744-1645	LAURENT, AZIZ L MD	5123263300	PHYSICIANS & SURGEONS
7551 METRO CENTER DR STE 200, AUSTIN, TX 78744-1645	PPD DEVELOPMENT LP	5124620492	PHARMACEUTICAL RESEARCH LABORATORIES
7551 METRO CENTER DR STE 200, AUSTIN, TX 78744-1645	PPD DEVELOPMENT LP	5124620492	LABORATORIESRESEARCH & DEVELOPMENT
7551 METRO CENTER DR STE 300, AUSTIN, TX 78744-1645	PPD INC	5124472663	LABORATORIES-RESEARCH & DEVELOPMENT
7551 METRO CENTER DR # 10, AUSTIN, TX 78744-1625	LAURENT, AZIZ L MD	5124472985	PHYSICIANS & SURGEONS
7551 METRO CENTER DR STE 200, AUSTIN, TX 78744-1645	LAURENT, AZIZ L MD	5123263300	MEDICAL & SURGICAL SVC ORGANIZATIONS
7551 METRO CENTER DR STE 300, AUSTIN, TX 78744-1645	PPD INC	5124472663	PHARMACEUTICAL RESEARCH LABORATORIES
7551 METRO CENTER DR, AUSTIN, TX 78744-1625	NATIONAL MAINTENANCE CONSTR	5612886278	MAINTENANCE CONTRACTORS

Showing 1 to 10 of 12 entries

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License Details

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