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.
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Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Copyright © 2022 Austin Board of Realtors Updated: 28th May, 2023 1:12 PM (UTC)
Attribution contact: (512) 472-6100
Listing Agent: Clint Sayers
Listing Office: Sayers Real Estate Advisors
