$1,800,000
8103 Brodie Lane, Austin, TX
0.76
Acres
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.
Facts & Features
| ListingFeed | abor_vow |
|---|---|
| MLS® # | 5620526 |
| List Price | $1,800,000 |
| Sale Price | $1,335,500 |
| Sale Date | October 20th, 2023 |
| Bathrooms | 0.00 |
| Acres | 0.76 |
| Year Built | 1986 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Closed |
Community Information
| Address | 8103 Brodie Lane |
|---|---|
| Subdivision | Dunliegh Add Sec 02 |
| City | Austin |
| County | Travis |
| State | TX |
| Zip Code | 78745 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | Concrete |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate |
|---|---|
| Heating | Separate Meters |
| Cooling | Separate Meters |
| Fireplace | No |
Exterior
| Construction | Masonry |
|---|---|
| Foundation | Slab |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |