9606 Old Manor Rd - Warehouse FOR SALE


Austin, TX 78724- Walnut Creek
$2,313,578 USD
310-261-8428
9606 Old Manor Rd, Austin, TX for Sale
$2,313,578 USD
Warehouse - FOR SALE
1/11
null | 6.5% Cap Rate

9606 Old Manor Rd
Austin, TX 78724
Walnut Creek


HIGHLIGHTS

  • NEW LEASE EXTENSION SIGNED - $13.90 NNN NUMEROUS RENOVATIONS JUST COMPLETED! TENANT INSTALLING $500K NEW IRON MACHINING PRODUCTION EQUIPMENT
  • 10.7% RENT GROWTH | 4.3% INDUSTRIAL VACANCY SUBMARKET | SE AUSTIN RENTS NOW $15-$18
  • ±10,500 SF HIGH-DEMAND IN TOP FIVE US MARKET/TOP NATIONAL JOB GROWTH MARKET

OVERVIEW

SOUTHEAST AUSTIN PRIME NNN 1031 INDUSTRIAL DWG Capital Group presents a SIGNIFICANTLY REPRICED industrial investment opportunity in East Austin, Texas. The two-building, 10,500 SF property is offered at $2,313,578, representing a 6.50% CAP RATE on current NOI of $150,383. Austin Iron is a SEASONED TENANT that has operated at this location for approximately 10 years. The tenant has recently invested significant infrastructure and equipment into the site, reinforcing a STICKY TENANCY profile with meaningful relocation friction. The property sits in a strong East Austin redevelopment corridor, directly across from a NEW INDUSTRIAL PARK and near recently delivered CLASS A MULTIFAMILY, with direct access to Highway 290 and the broader Austin metro. Austin Iron has experienced STRONG TENANT GROWTH, with sales more than doubling and a strong backlog and forward pipeline. Current rent remains SIGNIFICANTLY BELOW MARKET, with comparable industrial rents in the area exceeding $15.50/SF NNN, creating meaningful EMBEDDED RENTAL UPSIDE over time. INVESTMENT HIGHLIGHTS Purchase Price: $2,313,578 Cap Rate: 6.50% NOI: $150,383 Building Size: 10,500 SF Purchase Price/SF: $220.34/SF Current Rent: $12,531.88/month Annual Rent: $150,382.58 Rent Escalations: 3% annually SEASONED TENANT: Approximately 10 years at the location HEAVY INFRASTRUCTURE: Significant tenant investment in equipment and site-specific improvements STICKY TENANCY: Specialized infrastructure, established operations and long tenure create meaningful relocation friction SIGNIFICANT PRICE IMPROVEMENT: Repriced from a 6.00% cap to a 6.50% cap BELOW-MARKET RENT: Current rent remains materially below prevailing East Austin industrial rents REDEVELOPMENT CORRIDOR: Across from new industrial development and near Class A multifamily growth SUPERIOR 1031 OPPORTUNITY: Attractive sub-$2.5 million transaction size with contractual income, annual rent growth and embedded upside in one of Texas’ strongest industrial markets OPPORTUNITY A SUPERIOR 1031 EXCHANGE OPPORTUNITY combining a long-standing tenant, below-market rent, 3% annual escalations, heavy infrastructure, sticky tenancy and meaningful future rental upside. The current pricing creates a compelling entry basis for investors seeking CURRENT INCOME, CONTRACTUAL RENT GROWTH and LONG-TERM APPRECIATION POTENTIAL.

FOR SALE DETAILS

PRICE

$2,313,578 USD

PRICE/SF

$220 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SE Austin NNN 1031 | 6.5% Cap | Below-Mkt Ren

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

Lighting, Water

CLEAR CEILING HT

25 Ft

DOCKS

1

DRIVE INS

7

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.9

LAND SF

39,204

ZONING

-

APN/PARCEL ID

227101

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.