About the Property

Office/Retail “Value Add” Opportunity in Austin MSA

1904 S Bagdad
Leander, TX

Square Feet: 14476

Highlights

PROPERTY HIGHLIGHTS:

• Average rents are currently around $8/SF under market.

• At $297/SF to the building, the ask price of $4.3M is close to replacement cost for an office/retail asset in the area.

• Tenants include Generation Dance, Boardwalk Cleaning Co, Edward Jones, Fur Oak Professional Pet Grooming, Trybe Yoga, West Coast Martial Arts, Whitney Bates, Four Seasons Chinese Restaurant

PURCHASE PRICE: $4,300,000 ($297/SF)

NET OPERATING INCOME: $239,422 (Year 1)

WALT (WEIGHTED AVERAGE LEASE TERM): 56 Months

CAP RATE: 5.6%

TOTAL BUILDING SF: 14,476 SF

LAND SIZE: 1.38 Acres

YEAR BUILT: 1995/2005 (Per WCAD)

ZONING: GC- General Commercial

Office/Retail “Value Add” Opportunity in Austin MSA

  • Sale/Lease: For Sale
  • Square Feet: 14476
1904 S Bagdad
Leander, TX View Map