Active
4674 Priem LN
Pflugerville TX, 78660
$12,500,000
$175.72 per sqft
Active
71,137 sqft
Commercial
Built in 2003
Longhorn Park, strategically located at 4674 Priem Lane in Pflugerville, TX, plays host to a Flex/Industrial complex featuring 4 single-story buildings ranging from 15,351 to 18,000 SF for a total of just over 70,478 SF of rentable space. The buildings, constructed in the 2004-2010 timeframe, feature spacious and versatile floor plans. The site encompasses approximately 5.05 acres and is located along the north side of Priem Lane, just west of SH-130, with easy access to all the North Austin commercial areas. The buildings feature a total of 26 grade-level loading doors and 24 ft of clearance height. Currently, the building is 67.93% occupied and the 19 sub-units range in size from 1,450 to 9,000 SF, providing wide versatility and options. Seven of the units (35,529 SF) are currently owner-occupied, providing financial convenience, comfort, and security. Currently, the owner operates an auto sales, painting, and repair/servicing shop out of the property. Challenging economic headwinds combined with a beleaguered and declining auto industry, have led to a shift in direction and ownership plans to dissolve the business.
This makes the space ideal for an Owner/User targeting an auto-related use to occupy as the Anchor Tenant, while collecting income from the rented units. Alternatively, a low supply of industrial product in the market intersecting a high demand for semiconductor (Samsung, et al) suppliers and trades needing space, this project commands ideal investment. The spaces could be leased at an attractive cap rate of 6% or higher, given the below-market rents and vacancies coupled with owner occupied space. In addition, several of the auto shop spaces have been modernized with LED lighting, and other improvements.
There are several renewals, expansions, and new leases in various stages of development. Please contact us for more information regarding the latest news and financing options available.
4796423
MLSⓇ ID
September 30, 2024
Listed
November 21, 2024
Updated
Map
4674 Priem LN
Pflugerville TX, 78660
Interior Features
Floor Description
See Remarks
Fireplace
No
Cooling
Yes
Cooling Description
See Remarks
Heating
Yes
Heating Description
See Remarks
Exterior/Building Features
Lot Size
5.05 Acres
Sewer
Public Sewer
Other Property Details
Area Name
PF
Taxes
$250,061
Tax Frequency
Annually
Garage
No
Parking
Asphalt, Concrete, Parking Lot
View
No
County
Travis
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/30/2024 | Price change | $12,500,000 -14% |
Courtesy of Don Quick & Associates, Inc.
Listing Contact: (512) 255-3000
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Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Database last updated 7:12 PM UTC, 11/21/2024