Industrial Property For Sale

Cesar Chavez warehouse/retail

2400 Cesar Chavez, Austin, TX 78702

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• Price:
  $3,500,000
• Building Size:
  55,000 SF
• Price/SF:
  $63.64
• Property Type:
  Industrial
• Property Sub-type:
  Flex Space
• Additional Sub-types:
  Manufacturing
  Distribution Warehouse
• Property Use Type:
  Investment
• Commission Split:
  2%
• Occupancy:
  90%
• No. Stories:
  2
• Tenancy:
  Multiple
• Year Built:
  1950
• Lot Size:
  2.01 AC
• Parking Ratio:
  1.24 / 1,000 SF
• Features:
  • Fenced Yard
  • Trailer Parking
  • Electricity/Power

Last Verified  7/2/2009 Listing ID  14562301

Highlights

• Close to Austin CBD!
• Located on main thoroughfare!
• Investment for long term with tenants!

• Low Maintenance !
• High growth area with need for retail center!

Description

Previously bottling plant now used as warehouse, office space and retail. Several tenants now occupy portions of the buildings. Total rental space 55,000 s.f. with 68 parking spaces. Total land area approx. 2.01 acres, zoned CS-CO-MU-NP, 95% impervious cover, 60 foot bldg. height; VMU permitted!
Space is 90% leased with annual income $203,000. Most tenants on month to month leases. Phase II environmental completed / no issues!

Only 2 miles East of IH 35 near Austin CDB on main thoroughfare, Cesar Chavez.

Attachments

• Enhanced Listing Web Site
• Environmental Report(567 KB)
• Company site

Financial Summary

Major Tenant Information

• Actual
• Year
  2007
• Scheduled Gross Income
  $198,000
• Effective Gross Income
  $198,000
• Net Operating Income
  $147,400

Tenant		Lease Expired
available upon request

Map of 2400 Cesar Chavez, Austin, TX 78702 (Travis County)

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Presented by

Capitol Area Commercial

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Contact Listing Broker

Tom Pitcock (800) 749-8765

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.