This outstanding office/warehouse space presents a remarkable 1031 exchange or investment opportunity for savvy investors. The property features two stable NNN lease tenants offering a current cap rate of 7% at an undervalued lease rate, ensuring favorable future returns. Constructed in 2022, the property is thoughtfully divided into two separate units and equipped with a rainwater collection system boasting a 5,000-gallon tank, as well as a shared septic system that is part of the Condo regime. Located in the highly desirable Fitzhugh corridor, this property is strategically situated just minutes away from US 290 & HWY 71 and is only 20 miles from Austin with convenient access to ABIA. Space and yard details include a 3,111sf mezzanine level office space with 3 offices, 1 -12’x14’ grade level bay door, and 1 ground level restroom in Unit #1400, and a 4,361sf mezzanine level office space with 3 offices, 1 -12’x14’ grade level bay door, 1- 16’x16’ grade level bay door, and 1 ground level restroom in Unit #1401. Additionally, there's approximately 6,500sf of yard space, and a pump house/storage room on the side that's spray foamed. Seize the opportunity to acquire this exceptional investment asset boasting great potential for stable returns and steady appreciation.
Electricity Connected, Sewer Connected, Water Connected
|Price Reduced||$1,650,000||$325,000 (16.46%)|
|Price Increased (from $1,950,000)||$1,975,000||$25,000 (1.28%)|
Property Listed by: Stanberry Realtors
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from December 10th, 2023 at 3:02pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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