15210 Fitzhugh Austin TX 78736
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.
From Austin US 1 to US 290 west to Fitzhugh Rd. turn right, turn right at Trautwein intersection
©2023 Austin Board of REALTORS. All rights reserved. - Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Austin Board of REALTORS. Listing #5183435 Courtesy of Stanberry REALTORS. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.