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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,650 sqft
Price per Sqft $174
Subdivision Dunliegh Add Sec 02
MLS Listing ID 5620526
Sold Date 10/20/23
Originating Board actris
Year Built 1986
Annual Tax Amount $12,319
Tax Year 2022
Lot Size 0.758 Acres
Property Description
Sayers Real Estate Advisors, Inc. is pleased to offer 8103 Brodie Ln in Austin, TX for sale. The opportunity includes a multi-tenant retail investment property situated on 0.75 acres in the heart of vibrant south Austin. Located at the intersection of Brodie Ln and Thomas Kincheon St, the property benefits from prime street-level visibility, easy access with two ingress/egress points, is within close proximity to H-E-B, Costco, Target, Chick-fil-a, Lifetime Fitness, and is surrounded by residential.
The property is currently 100% occupied at below market rents, offering an investor immediate upside through mark-to-market leasing. The in place weighted average lease term ("WALT") of 2.58 years allows an investor to implement this strategy quickly and increase rents to market. The average current base rent is $12.35, which allows for the opportunity for rental rate increases based on current market comps.
Location
State TX
County Travis
Interior
Heating Separate Meters
Cooling Separate Meters
Flooring Laminate
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront No
Accessibility None
Parking Type Concrete
Total Parking Spaces 25
Building
Foundation Slab
Sewer See Remarks
Water Public
Structure Type Masonry – All Sides
New Construction No
Others
Restrictions None
Acceptable Financing Cash, Conventional
Tax Rate 2.17
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Heather Witte
Broker Associate | License ID: 550616
Broker Associate License ID: 550616