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14121 Us-290 Austin, TX 78737

For Sale
$1,650,000

5,250 SF Flex Warehouse, 2 Units

Property size:
5,250 SF

Description

Added:
Dec 11, 2024
Days on Market:
364
This Austin, Texas industrial flex property, located at 14121 US-290, offers 5,250 square feet of climate-controlled space within a single-story building constructed in 2003 and renovated in 2014. The property, part of a larger 14.49-acre complex, consists of two units (3A & 3B), each separately leasable or combinable into a single unit. Currently, the occupancy rate is 50%, with Unit 3A leased at $18 per square foot and Unit 3B at $18.72 per square foot, both with annual rent bumps of 3% and 4% respectively, plus operating expenses. The property features ten parking spaces (two per 1,000 sq ft), and is classified as Class B with a NNN lease type. The asking price is $1,650,000, or $825,000 per unit, representing a current cap rate of 5.83% (June 2024), projected to increase to 6.03% by August 2024. The property is situated in Hays County, Austin, Texas, zip code 78737, and is being offered for sale by owner. Tenants are credit-rated. The property is one of thirteen buildings on the site.

Property Features for 14121 Us-290

General Information

Property type
Distribution properties
Square Feet
5,250 SF
Class
B

Building Details

Year Built/Renovated
2003/2014
Buildings
1
Stories
1
Units
2

HighLights

  • $1,650,000 asking price for a 5,250 square foot industrial flex/warehouse property in Austin, TX.
  • Class B building, built in 2003 and renovated in 2014, situated on 14.49 acres.
  • Multi‑tenant property with two 50% occupied units, each approximately 2625 SF.
  • NNN lease type with credit‑rated tenants; rent bumps at 3% annually.
  • Located at 14121 US‑290, Austin, TX 78737.
Property Profile Location Intelligence

Current Use by Public Records

Flex space

Map

City
Austin
County
Hays
State
Texas
Longitude
-98.006968134307
Latitude
30.195401549108

FAQs

What type of property is this?
Distribution property - 5,250 SF Flex Warehouse, 2 Units
Where is this distribution property located?
The property is located at 14121 Us-290 Austin, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: $1,650,000 asking price for a 5,250 square foot industrial flex/warehouse property in Austin, TX.; Class B building, built in 2003 and renovated in 2014, situated on 14.49 acres.; Multi-tenant property with two 50% occupied units, each approximately 2625 SF.
More about this property
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