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Newman Business Park 4 Properties Offered at $2,200,000 in Austin, TX
Investment Highlights
- 4 buildings on 1 acre tract
- Excellent location
- Tremendous Growth Area
- 7 Leases
- High Traffic Count
Executive Summary
This investment property consists of a blend of boutique retail tenants and office product. The property is 80% leased with half leases on month to month basis. The property conveys approximately 1 acre of land in a great location.
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$132,000
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $132,000 |
Property Facts
| Price | $2,200,000 | Status | Active |
| Price / SF | $347.94 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 6,323 SF |
| Sale Type | Investment | Total Land Area | 1.00 AC |
| Price | $2,200,000 |
| Price / SF | $347.94 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 6,323 SF |
| Total Land Area | 1.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg I
9414 Anderson Mill Rd, Austin, TX 78729 |
Office | 3,273 SF | 2002 | - |
|
Bldg II
9414 Anderson Mill Rd, Austin, TX 78729 |
Retail | 1,800 SF | 1950 | - |
|
Bldg IV
9416 Anderson Mill Rd, Austin, TX 78729 |
Retail | 650 SF | 1950 | - |
|
Bldg III
9414 Anderson Mill Rd, Austin, TX 78729 |
Retail | 600 SF | 1950 | - |
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Newman Business Park
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