15210 Fitzhugh Road 17, Austin, TX
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.
Facts & Features
|Address||15210 Fitzhugh Road 17|
|Subdivision||Fitzhugh Town Center Condo|
|Utilities||Electricity Connected, Sewer Connected, Water Connected|
|Construction||Concrete, Metal Siding|
|RE / Bank Owned||No|