$3.3M For Sale- Austin- Single Tenant Verizon Site (5 Years Remaining on Lease)

·          FOR SALE: Single Tenant Verizon Site

·         5207 Brodie Lane, Austin, TX 

·         MapLink: http://goo.gl/maps/xSnf8

·         Price: 6.5% Cap Rate = $3,350,769

o   Based on Net Operating Income (NOI) of: $217,800/year

·         Single Tenant, Verizon Lease- Corporate (not franchise)

·         Hard  corner of Kohl’s anchored power center, south of downtown Austin—Brodie Lane & Ben White

o   Located in Sunset Valley Shopping Center, with other tenants such as:

§  Kohls, BJs Brewhouse, Longhorn Steakhouse, Docs Bar & Grill, Babies R Us, Dickey’s BBQ

·         5 Years Remaining on Lease.

·         This is a fully NNN lease. The tenant pays all expenses such as property tax, insurance & maintenance.

 

 

(actual site photo)

 

 

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Experience-Team Profile
1801 Mopac, Suite 100, Austin, TX 78746

 

Subscribe to My Blog: Real Estate & Finance Articles

 

Brokers & Sellers: Our Buyer Needs:  CLICK HERE

 

 

PRESS RELEASE- MEDICAL OFFICE BUILDING (MOB) SITE LEASED

MEDICAL OFFICE BUILDING (MOB) SITE LEASED

 AUSTIN, TEXAS, (10/28/13) — KW Commercial has leased a free-standing, medical office building (MOB) at 12701 RR 620, AUSTIN, TX. The site, has been leased to Neighbors Emergency Centers (www.nec24.com).  Neighbors Emergency Centers are different from a standard 24 Hour Emergency Room by redefining the emergency room experience with private treatment rooms equipped with HD TVs, modern décor, a comfortable waiting area, peaceful pediatric treatment rooms, and more.  The building has 9,497 square feet of space.  Nick Nelson, and Jim Young, of KW Commercial,  represented the Landlord.  Brian Novy, of the Novy Company, represented Neighbors Emergency Centers.

 

 

 

 

 

“This was excellent opportunity for the Landlord to create a long term lease with Neighbors Emergency Centers, which has a distinctly unique approach to emergency room care. This project was especially rewarding to work on having met Brian Novy in CCIM Advanced Negotiations a few months prior. ” said Jim Young.

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Experience-Team Profile
1801 Mopac, Suite 100, Austin, TX 78746

 

Subscribe to My Blog: Real Estate & Finance Articles

 

Brokers & Sellers: Our Buyer Needs:  CLICK HERE

 

 

Announcing New Client-- Boundless Nutrition- OatmegaBars/Perfect Fit Cookies

 

Happy to report a new client.  BOUNDLESS  NUTRITION

 

We will be the Tenant Rep for Boundless Nutrition, www.boundlessnutrition.com

Founder Trevor Ross, and I in picture to left.

BN produces healthy protein bars sold at MyFitFoods, CentralMarket, & Whole Foods, called OatMega, as well as fitness cookies called “PerfectFit”.

    We are seeking a location to move their food manufacturing facility and assembly line for OatMega and Perfect Fit.

Needs:

·         15,000 – 20,000 sf

·         Docks-

o   1 high dock

o   1 dock on grade

·         Must be sprinklered

·         Floor Drains a Must or allowed to install floor drains

·         Grease Trap or allowed to install grease trap

·         Tenant will build or install drop down ceiling (wipeable) to comply with food manufacturing code

·         3 phase electric

·         Parking for 15-20 employees

 

Location: Within 15-20 minutes drive east & west of I-35 & Ben White.

They are moving because they have doubled their sales in last several years.

 

    

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Experience-Team Profile
1801 Mopac, Suite 100, Austin, TX 78746

 

 

Need- Austin Location for New/Trendy Prix-Fixe Restaraunt Concept

          

      We have client who has recently left his position as the Executive Chef of a popular downtown restaurant, having previously helped run restaurants such as Roys, and Shoreline Grill. He would like to open a concept outside of downtown, ideally in second generation space.

 

Concept Will Include:

·         3, 5, & 7 Course Prix-Fixe Menu & Wine/Dessert Pairings

·         U-Shaped Bar where food is prepared in view of diners (similar to “Sway” on S 1^st)

·         Like to have seating for 20

·         An old house with proper zoning could work, but a building with character is ideal

·         Size: 1500-2000 sf interior

·         Parking Onsite, or Ability to Use Valets

·         Locations: S 1^st, S Congress, S Lamar, or North Lamar, Burnet (no higher than 183)  & Guadalupe

o   No CBD preferred, but would consider if you think something should be looked at.

 

·         Tenant has funds to do considerable TI, depending on site suitability

·         Budget: Up to $30/foot + NNN

 

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Experience-Team Profile
1801 Mopac, Suite 100, Austin, TX 78746

 

Subscribe to My Blog: Real Estate & Finance Articles

 

Brokers & Sellers: Our Buyer Needs:  CLICK HERE