14121 Us-290 Austin, TX 78737

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.