Need- Multifamily Land -Austin, Cedar Park, Leander, etc

Folks:

I have an Institutional client seeking to buy Multifamily Land in the Austin area.

·         They do 3-5 deals per year

·         Uses local Engineering and hence-familiar with our Austin/CedarPark/Leander/process, etc.

Seeking in Austin area: suburban deals:

·         Round Rock, Cedar Park, Bee Cave (and Austin is fine, but want in the suburbs. No CBD pricing).

·         Pay top dollar for a GREAT site, near lots of retail/amenities. Lots of retail needs to be nearby.

·         15+ acres is ideal. Usually 240-300 units

·         Want high visibility thoroughfares

·         Will do quick analysis and send feedback

Is aware of comps in the area.

 

Example of a “perfect” site:

·         North Austin off of Toll Road 45, by Forest Park Medical. There are lot of jobs, and lots of retail nearby, and off a major highway which is great for advertising.

 

Jim Young, CCIM, Broker

Longbow Real Estate Group

Partner, West Point ‘94

512-565-7509

jim@longbowRE.com

6836 Bee Caves Rd, Bldg 1, Ste 208

Austin, TX 78746