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4200 Burch DrAustin, TX 78617
4200 Burch
Asset ClassIndustrial
% Leased97%
Square Feet: 54,247Year Built: 2015Land: 5.84 AcresAccess Data Room
54,247 SF Industrial Park in the High-Growth Southeast Austin Submarket
overview of deal

Overview

Cushman & Wakefield’s Central Texas Capital Markets Team has been retained as exclusive advisors for the disposition of 4200 Burch Drive, a three building, 54,247 square foot Industrial Park in the high-growth Southeast Industrial Submarket. Located less than 2 miles from the Tesla Gigafactory, and 3 miles from Austin Bergstrom International Airport, 4200 Burch caters to a wide array of industrial tenants. The shallow bay construction was specifically designed to cater to tenants requiring warehouse space quickly with minimal improvement costs incurred by landlord. Featuring easy access to US 71 and Toll Road 130, tenants seeking access to the rapidly growing Austin suburbs have very few options in close proximity.

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Investment Highlights

  • Two miles from Tesla Gigafactory and three miles from Austin Bergstrom International Airport
  • 96% occupied submarket with very limited supply of “small tenant” buildings
  • High growth corridor with thousands of new rooftops and multifamily projects under development
  • Metal construction and ability to lease to smaller users quickly results in high rental rates with low improvement allowances
  • Yard space on West side of project provides ability to lease industrial outdoor storage space in desirable infill location
  • Ability to roll modified gross tenants to prevailing market triple net rates
  • Currently 97% leased with ability to cashflow while rolling tenants to market
  • Minimal costs to operate

Property Overview

Description
Land Size
+/-5.84 Acres
Auto Parking
100 Surface Spaces (1.85:1,000 NRSF)
Zoning
LI - Limited Industrial
Yard
Extended storage area allows for truck storage and additional income
Year Built
2015
Leased
97%
Net Rentable Area
54,247 SF
Construction Type
Pre-engineered metal
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4200 Burch DrAustin, TX 78617

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Listing provided by Revere CRE