ADDRESS
Compass RE Texas, LLC
2500 Bee Caves Road, Building 3, Suite 200, Austin, TX 78746
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$12,500,000
46 Days On Site
4674 Priem LNPflugerville, TX 78660
For Sale|Industrial|Active
0
Beds
0
Full Baths
0
Partial Baths
71,137
SqFt
$176
/SqFt
2003
Built
Subdivision:
Larkspur
County:
Travis
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Longhorn Park, strategically located at 4674 Priem Lane in Pflugerville, TX, plays host to a Flex/Industrial complex featuring 4 single-story buildings ranging from 15,351 to 18,000 SF for a total of just over 70,478 SF of rentable space. The buildings, constructed in the 2004-2010 timeframe, feature spacious and versatile floor plans. The site encompasses approximately 5.05 acres and is located along the north side of Priem Lane, just west of SH-130, with easy access to all the North Austin commercial areas. The buildings feature a total of 26 grade-level loading doors and 24 ft of clearance height. Currently, the building is 67.93% occupied and the 19 sub-units range in size from 1,450 to 9,000 SF, providing wide versatility and options. Seven of the units (35,529 SF) are currently owner-occupied, providing financial convenience, comfort, and security. Currently, the owner operates an auto sales, painting, and repair/servicing shop out of the property. Challenging economic headwinds combined with a beleaguered and declining auto industry, have led to a shift in direction and ownership plans to dissolve the business. This makes the space ideal for an Owner/User targeting an auto-related use to occupy as the Anchor Tenant, while collecting income from the rented units. Alternatively, a low supply of industrial product in the market intersecting a high demand for semiconductor (Samsung, et al) suppliers and trades needing space, this project commands ideal investment. The spaces could be leased at an attractive cap rate of 6% or higher, given the below-market rents and vacancies coupled with owner occupied space. In addition, several of the auto shop spaces have been modernized with LED lighting, and other improvements. There are several renewals, expansions, and new leases in various stages of development. Please contact us for more information regarding the latest news and financing options available.
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Listing Snapshot
Price
$12,500,000
Days On Site
46 Days
Bedrooms
N/A
Inside Area (SqFt)
71,137 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
5.05 Acres
Year Built
2003
MLS® Number
4796423
Status
Active
Property Tax
$250,060.87
HOA/Condo/Coop Fees
N/A
Sq Ft Source
See Remarks
Friends & Family
Recent Activity
| 2 months ago | Price changed to $12,500,000 | |
| 2 months ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen on site |
General Features
Acres
5.05
Additional Property Use
AutomotiveIndustrialWarehouse
Disclosures
None
Foundation
Slab
Parking
AsphaltConcreteParking Lot
Parking Spaces
200
Property Sub Type
Industrial
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
71137
Utilities
Cable AvailableElectricity AvailableSewer ConnectedWater Connected
Water Source
Public
Interior Features
Flooring
See Remarks
Heating
See Remarks
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Exterior Features
Construction Details
See Remarks
Other Structures
None
Community Features
Financing Terms Available
CashConventional1031 Exchange
MLS Area
PF
Listing courtesy of Don Quick & Associates, Inc. shelly@donquick.com
All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Data last update - 2024-10-29 07:00 PM CDT
REQUIRED DMCA NOTICE Member Participant’s IDX site must comply with The Digital Millennium Copyright Act of 1998 by including appropriate notification instructions to users. A Vendor or Member Participant that receives a DMCA notice of infringement must immediately (no later than 24 hours after receipt) notify MLS GRID at DMCAnotice@MLSGrid.com. A Member Participant’s IDX site must include the conspicuous display of the following two paragraphs: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Data last update - 2024-10-29 07:00 PM CDT
REQUIRED DMCA NOTICE Member Participant’s IDX site must comply with The Digital Millennium Copyright Act of 1998 by including appropriate notification instructions to users. A Vendor or Member Participant that receives a DMCA notice of infringement must immediately (no later than 24 hours after receipt) notify MLS GRID at DMCAnotice@MLSGrid.com. A Member Participant’s IDX site must include the conspicuous display of the following two paragraphs: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Neighborhood & Commute
Source: Walkscore
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