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Investment Highlights
- Located in North Austin with convenient access to US-183, MoPac Expressway, and I-35.
- Approximately 18 miles from Austin-Bergstrom International Airport and 9 miles from Downtown Austin.
- Transformative Developments Nearby including the new University of Texas Medical Center
- Positioned within 5 minutes from The Domain, a major mixed-use destination with retail, dining, and office space.
- Value Add Opportunity
- Opportunistic Time to Enter Market with Competitive Basis
Executive Summary
Walker & Dunlop Investment Sales (WDIS) has been exclusively retained to offer the fee simple interest in Dryfield Apartments & Studios (the “Property”), a 48 unit low density, garden-style apartment community featuring two 1970-vintage buildings on either side of Dryfield Drive in North Central Austin, TX. Positioned near The Domain (Austin’s “Second Downtown”), the Property is proximate to tech heavyweights Amazon, IBM, Facebook, and Indeed, while supported by over 113,000 employees within three miles. Residents enjoy the most dynamic leisure and entertainment choices in the MSA via The Domain, Gateway, Austin FC Q2 Stadium, Northcross Mall, and the nearby brewery district, while walking distance to needs-based retail and local eateries. Centrally located with direct access to major thoroughfares Highway 183, I-35, and MoPac Expressway, the Property is strategically positioned in a rapidly gentrifying submarket. The Property is being offered on a free and clear basis.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,000,000 | Number of Properties | 2 |
| Price / SF | $153.80 / SF | Individually For Sale | 0 |
| Sale Condition | Short Sale | Total Building Size | 26,008 SF |
| Sale Type | Investment | Total Land Area | 1.47 AC |
| Status | Active |
| Price | $4,000,000 |
| Price / SF | $153.80 / SF |
| Sale Condition | Short Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 26,008 SF |
| Total Land Area | 1.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Dryfield Apartments
8502 Dryfield Dr, Austin, TX 78758 |
Multifamily | 18,000 SF | 1969 | - |
|
Dryfield Studios Apartments
8501 Dryfield Dr, Austin, TX 78758 |
Multifamily | 8,008 SF | 1970 | - |
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