Recent Industrial Sales In Austin

By Author: Patrick Oconnor
Total Articles: 42
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In the month of December 2011, 17 industrial properties were sold in the Austin market. Compared to December 2010, sales have decreased by 41%. In terms of gross square feet, sales have decreased by 7.6% in comparison to December 2010. Overall occupancy stood at 86.69% in the 4th quarter of 2011, an increase of 0.08% compared to the 3rd quarter of 2011. Some of the recent sales recorded in the industrial market of Austin area include:

In December 2011, UM Holdings IV LLC, an entity of Stancorp Mortgage Investors LLC has purchased 8910 Research Blvd, a 57,000 square foot, office/warehouse facility located at 8910 Research Boulevard in Austin, Travis County, from Longmore Research Blvd Ltd, an entity of Ridgemore Properties. The 40-year-old property is over 79% occupied with average rents at $0.50 per square-foot. The industrial property is situated on 5.22 acres between the Burnet Road and Research Boulevard. The property has access to Research Boulevard. The largest contiguous space available is 11,350 square feet.

Another significant sale for the month is the sale of 201 Stassney Lane, a 49,000 square foot, warehouse ...
... facility located at 201 Stassney Lane in Austin, Travis County. A-A-A Storage Stassney LLC has purchased the property from Silver Star Storage LLC. The 28-year-old property is fully occupied. The industrial property is situated on 2.46 acres at the south of West Stassney Lane and North of Sandra Street. The property has access to West Stassney Lane. The multi-tenant property features climate controlled units, electronic gate access, fenced and lighted, military & senior discounts and car wash. Joe Linsalata of Linsalata Realty Services represented the buyer in the transaction.

Yet another remarkable sale for the month is the sale of 3218 Manor Rd, a 21,000 square-foot warehouse facility located at 3218 Manor Road in Austin, Travis County. Centro De Adoracion Amistad Cristiana has purchased the property from Midbar Investment Co LLC. The 46-year-old property is fully occupied at the time of sale. The industrial property is located to the North of Manor Road, East of Manorwood Road and SouthWest of Anchor Lane. The multi-tenant property has access to Manor Road.

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