Spicewood Business Park Industrial FOR SALE


Spicewood, TX
$5,750,000 USD
512-499-4905
, Spicewood, TX for Sale
$5,750,000 USD
Industrial - FOR SALE
1/8
null | 6.77% Cap Rate

Spicewood Business Park
Spicewood, TX


HIGHLIGHTS

  • High visibility and high traffic counts of 14,873 VPD on Highway 71.
  • 34,082 square foot metal building with 12 tenants and 2 vacancies.
  • Unique value add multi-tenant industrial asset at replacement cost per square foot, with the ability to lease up the vacant space.

OVERVIEW

As the exclusive agent for the owner, CBRE Central Texas Investment Properties is pleased to present Spicewood Business Park located at 10401 Highway 71 West for Sale. A ± 34,082 square foot multi-tenant metal constructed industrial property in Spicewood, TX with finalized construction in 2024. The property is off Highway 71 West on the south side of the highway. It is just east of Gregg Drive and Spur 191 which are the main arteries to this section of Lake Travis. Spicewood Business Park has a desirable location with high visibility and high traffic counts of 14,873 VPD on Highway 71. Constructed in 2004, the property consists of a ± 34,082 square foot metal building with 12 tenants and 2 vacancies. 4Z Productions is the biggest tenant consisting of 8,450 square feet and the balance of the square footage is made of ~1,700 to ~3,400 square foot space (varying slightly depending the building. This location is mission critical for smaller businesses servicing Spicewood and for businesses who operate in Burnet Count and Western Travis County. The service area includes Austin, Lakeway, Spicewood, Marble Falls, Horseshoe Bay, Johnson City, and more. This offering will allow investors and owner-users a well-located, unique value add multi-tenant industrial asset at replacement cost per square foot, with the ability to lease up the vacant space.

ASK ABOUT THIS PROPERTY

R. Logan ReichleCBRE, Inc.More Info
512-499-4905

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R. Logan ReichleCBRE, Inc.More Info
512-499-4905

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