14121 Us-290Austin, TX 78737

For Sale
$1,650,000

5,250 SF Flex Warehouse, 2 Units

Overview

Added:
Dec 11, 2024
Days on market:
94
This Austin, Texas industrial flex property, located at 14121 US-290, offers 5,250 square feet of climate-controlled space within a single-story building constructed in 2003 and renovated in 2014. The property, part of a larger 14.49-acre complex, consists of two units (3A & 3B), each separately leasable or combinable into a single unit. Currently, the occupancy rate is 50%, with Unit 3A leased at $18 per square foot and Unit 3B at $18.72 per square foot, both with annual rent bumps of 3% and 4% respectively, plus operating expenses. The property features ten parking spaces (two per 1,000 sq ft), and is classified as Class B with a NNN lease type. The asking price is $1,650,000, or $825,000 per unit, representing a current cap rate of 5.83% (June 2024), projected to increase to 6.03% by August 2024. The property is situated in Hays County, Austin, Texas, zip code 78737, and is being offered for sale by owner. Tenants are credit-rated. The property is one of thirteen buildings on the site.

Highlights

  • $1,650,000 asking price for a 5,250 square foot industrial flex/warehouse property in Austin, TX.
  • Class B building, built in 2003 and renovated in 2014, situated on 14.49 acres.
  • Multi-tenant property with two 50% occupied units, each approximately 2625 SF.
  • NNN lease type with credit-rated tenants; rent bumps at 3% annually.
  • Located at 14121 US-290, Austin, TX 78737.

Property Details for 14121 Us-290

Property type
Other warehouses, Other industrial properties
Square Feet
5,250 SF
Class
B
Year Built/Renovated
2003/2014
Buildings
1
Stories
1
Units
2

Location Insight

City
Austin
County
Hays
State
Texas
Latitude
30.195401549108
Longitude
-98.006968134307
14121 Us-290, Austin, Texas

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14121 Us-290
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