Oak Hill Retail & Executive Suites | 8305 Hwy 71 W
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Oak Hill Retail & Executive Suites 8305 Hwy 71 W
10,000 SF 83% Leased Retail Building Austin, TX 78735 £2,003,072 (£200/SF) 6.52% Net Initial Yield
Investment Highlights
- Excellent location and access
- Room for growth with under market rents
- Significant amount of land and parking
Executive Summary
Excellent opportunity to own a cash flowing property in a growing area. Just past all the flyover exchange construction happening in Oak Hill. And only a couple miles from the Galleria and Spanish Oaks. This could be a cash flow investment or an owner user opportunity.
Retail tenants on the bottom floor and executive suites on the 2nd floor. 1.41 acres with plenty of parking. Room for growth as much of the rent roll is under market. Several tenants have been in the building many years.
Retail tenants on the bottom floor and executive suites on the 2nd floor. 1.41 acres with plenty of parking. Room for growth as much of the rent roll is under market. Several tenants have been in the building many years.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Miscellaneous
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
1980
Price
£2,003,072
Price Per SF
£200
Net Initial Yield
6.52%
NOI
£130,669
Percent Leased
83%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.16
Lot Size
1.41 AC
Zoning
LR
Parking
60 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
203 ft on Hwy 71
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 105
- 1,200 SF
- Retail
- In-Line
- Now
- 215
- 100-500 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 105 | 1,200 SF | Retail | In-Line | Now |
| 215 | 100-500 SF | Office/Retail | - | Now |
105
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
215
| Size |
| 100-500 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,090,486 | |
| Land Assessment | £445,346 | Total Assessment | £1,535,831 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£445,346
Improvements Assessment
£1,090,486
Total Assessment
£1,535,831
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Oak Hill Retail & Executive Suites | 8305 Hwy 71 W
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