1804 Briarcliff Blvd
Austin, TX
Price:
$3,375,000
Cap Rate:
5.02%
NOI:
$169,589
Building Size:
Approx. 9,150 Sq. Ft.
Lot Size:
Approx. 1.12 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Retailer
Year Built / Renovated:
1960 / 2024
Investment Overview
- 1960 Construction / 2024 Renovation. 9,150+/- SF Building on 1.12+/- Acre Site
- Below Market Rents – Avg. Base Rental Rate of only $18.95 PSF while Other Tenants in the Center are Paying Base Rate of $30.60 PSF
- Potential Redevelopment Opportunity – Positioned for an Aggressive Vertical Redevelopment, Creating Significant Upside Opportunity
- Located Just North of The Mueller District with Proximity to Downtown and UT Campus
- Situated in High-Spending Submarket, Benefiting from Avg. HH Incomes of $107,031 w/in 1-Mi. & $139,119 w/in 5-Mi.
- Adjacently Located to Windsor Commons – Brand-New, Class-A, Mixed-Use Multi-Family & Retail Development
- Austin | One of the Fastest-Growing Cities in the U.S. | Population: 986,928+