Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the...

8
5406 WM. HOLLAND AVE. 5404 WM. HOLLAND AVE. 5402 WM. HOLLAND AVE. 13,237 SF± 13,230 SF± 13,237 SF± Burnet Rd. Burnet Rd. Burnet Rd. Burnet Rd. William Holland Ave. William Holland Ave. The BRENTWOOD COLLECTION Casa Del Norte Apartments Elm Tree Apartments + Vacant Lot Total Land Size: 39,704 ± SQFT (0.9115 ± Acres) Casa Del Norte Apartments 16 Units 5406 WM. HOLLAND AVE AUSTIN, TX 78756 14 Units 5402 WM. HOLLAND AVE AUSTIN, TX 78756 Elm Tree Apartments 30 Units Total | Contiguous Lots | Burnet Road Corridor DANIEL ELAM 512.343.2700 x4 [email protected] ELLEN MUSKIN 512.343.2700 x3 [email protected] SHOWN BY APPOINTMENT ONLY WITH LISTING AGENTS

Transcript of Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the...

Page 1: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

5406 WM. HOLLAND AVE.

5404 WM. HOLLAND AVE.

5402 WM. HOLLAND AVE.

13,237 SF±

13,230 SF±

13,237 SF±

Bur

net

Rd

.B

urne

t R

d.

Bur

net

Rd

.B

urne

t R

d.

Will

iam

Hol

land

Ave

.

Will

iam

Hol

land

Ave

.

The BRENTWOOD COLLECTION

Casa Del Norte Apartments

Elm Tree Apartments

+ Vacant Lot

Total Land Size:

39,704 ± SQFT (0.9115 ± Acres)

Casa Del NorteApartments

16 Units5406 WM. HOLLAND AVE

AUSTIN, TX 78756

14 Units5402 WM. HOLLAND AVE

AUSTIN, TX 78756

Elm TreeApartments

30 Units Total | Contiguous Lots | Burnet Road Corridor

DANIEL ELAM512.343.2700 [email protected]

ELLEN MUSKIN512.343.2700 [email protected]

SHOWN BY

APPOINTMENT ONLY

WITH LISTING AGENTS

Page 2: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

# of Units: 16 Total

Average Unit Size: 403 ± SQ FT

# of Buildings: 2

YOC: 1972

Total NRSF: 6,722 ± (TCAD)

Land Area: 0.3039 ± ACRES (TCAD)

Zoning: MF-3-NP

Exterior: Stucco and Brick

Roofs: Pitched Composition Shingle

HVAC: Individual (Electric)

Water Heater: Central Boiler (1) 2014

Laundry Room: One On-Site (2W & 2D)

Parking: 17 ± Surface Spaces

# of Units: 14 Total

Average Unit Size: 550 ± SQ FT

# of Buildings: 1

YOC: 1968

Total NRSF: 7,696 ± (TCAD)

Land Area: 0.3039 ± ACRES (TCAD)

Zoning: MF-3-NP

Exterior: Brick and Wood Siding

Roofs: Pitched Composition Shingle

HVAC: Window Units

Water Heater: Central Boiler (1) 2011

Laundry Room: One On-Site (2W & 2D)

Parking: 20 ± Surface Spaces

Land Area: 0.3037 ± ACRES (TCAD)

Zoning: MF-3-NP

CASA DEL NORTE Apartments ELM TREE Apartments5402 Wm. Holland Ave. | Austin, TX 787565404 Wm. Holland Ave. | Austin, TX 787565406 Wm. Holland Ave. | Austin, TX 78756

VACANT LOT

Elm Tree ApartmentsCasa Del Norte Apartments

Units TypeUnit SF±

Total SF±

Market Rent

14 1 Bed / 1 Bath 550 7,700 $900

14 550 7,700 $900

Units TypeUnit SF±

Total SF±

Market Rent

15 Studio 380 5,700 $875

1 2 Bed / 1 Bath 750 750 $995

16 403 6,450 $883

A Compelling Central Austin Opportunity:

Two Multifamily Properties and Vacant Lot

INVESTMENT OVERVIEW | The BRENTWOOD COLLECTION

MUSKINCOMMERCIAL

Page 3: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

CASA DEL NORTE

ELM TREE

Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes

Î Abuts the Burnet Road Corridor; a high-traffic area with shopping, restaurants, and fast-paced growth

Î Two excellent Value-Add Opportunities + Vacant Lot

Î 0.8 ± miles to The Triangle Development, 1 ± mile from The Grove mixed-use Community, 1.5 ± miles from the Highland Mall Redevelopment.

Î Rents in Central Austin have grown 8.23% over the last 12 months (1Q Trend Report - Austin Investor Interests)

Î 3.8 ± Miles to Austin’s Exploding CBD – Easy Access via Burnet Road/N. Lamar Blvd./Major Highways

Î High Bikeability and Walkability Scores (88/81)

INVESTMENT HIGHLIGHTS

Average efficiency rents in the

Central Austin Submarket*:$1,208

$732Average current in-place rents at Casa Del Norte and Elm Tree Apartments:

*1Q Trend Report - Austin Investor Interests

• Casa Del Norte Apartments - 16 units

• Elm Tree Apartments - 14 units

• Vacant Lot - 0.3037 ± acres (13,229 ± SF)

Located in Central Austin, The Brentwood Collection consists of three properties on contiguous lots of approximately equal size with the vacant lot separating the Casa Del Norte and Elm Tree Apartments. Each property faces William Holland Avenue, located in the Brentwood neighborhood, just off of Burnet Road. The Brentwood Neighborhood is a well-established area composed of bungalow-style houses, trendy shops, and popular restaurants. The Burnet Road Corridor is currently experiencing explosive growth and undergoing some of the most exciting redevelopment projects in the City of Austin.

Casa Del Norte and Elm Tree Apartments include on-site parking and laundry rooms (each has 2W/2D), and Casa Del Norte features a fenced-in courtyard with a community gazebo and picnic table. This very walkable location has numerous entertainment areas close-by with easy access to all parts of the city via bicycle or public transit via Burnet Road. The price of single-family homes sold within 0.5 miles of these properties in the last 90 days average $616,264 (or $355 per SF) per the Austin Multiple Listing Service (MLS). According to the Travis County Appraisal District (TCAD), the combined land size for all three properties is 0.9115 Acres or 39,704 ± SF.

The Brentwood Collection:

INVESTMENT OVERVIEW | The BRENTWOOD COLLECTION

MUSKINCOMMERCIAL

Page 4: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

INVESTMENT LOCATION

MUSKINCOMMERCIAL

Located in the Brentwood neighborhood along the Burnet Road Corridor, Casa Del Norte and Elm Tree Apartments are well-positioned to take advantage of the retail, entertainment, food and employment options in the immediate area or easily access major employers such as Google, Facebook, and Indeed in downtown Austin—less than 4 ± miles to the south.

Also to the south (about 2.5 miles) is the University of Texas main campus—with current enrollment at 51,800 ± students and 3,100 faculty. U.T. is consistently ranked one of the best public universities in the country, with top ranked programs in Business, Engineering, Law, and Medicine.

The City of Austin anticipates investing around $50M from the 2016 Mobility Bond on improvements in the Burnet Road Corridor, currently in the design phase. Some of those goals will include:

• Access to employers, services, healthcare, affordable housing, businesses, schools, recreation, cultural centers, parks, and greenspaces

• Create livable, walkable, safe and transit-supportive corridors

• Make walking and cycling safer and more comfortable by enhancing bicycle network/provide links to routes

CENTRAL AUSTINMIXED-USE PROJECTS

» The Grove is Austin’s latest mixed-use community set on 75-acres of highly coveted central-Austin land bounded by Shoal Creek Blvd., W. 45th St., and Bull Creek Rd, which will include 409 single-family homes, 60 condominiums, and 1,098 apartments, The Grove’s ambition is to be Austin’s gathering place—to live, work, and play. To that end, The Grove will also be developing 325K+ SF of office and retail space, 20 acres of greenspace, Signature Community Park, hike and bike trails, natural ponds, Outdoor Living Room Event Plaza and an amphitheatre.

» Highland is a 3.25M SF redevelopment of the Highland Mall complex in north central Austin. Redleaf Properties and the Austin Community College have partnered to create a new ACC state-of-the-art college campus, residential, retail, and office/commercial space, as well as new parks and trails. Once completed, the new ACC Highland campus will occupy 1.3M SF, surrounded by 800K SF of office space, 150K SF of retail space, and 1,200 residential units. Projects already underway in the Highland footprint include The City of Austin Planning and Development Office, Highland Tech Center, The Linc Retail Center, and Midtown Point—a 165K SF office.

» The Mueller Mixed-Use Community is a 700± acre master-planned urban site featuring commercial, residential, retail, parks and open space. The Thinkery Children’s Museum, Alamo Drafthouse, Texas Film Studios, AISD Performing Arts Center, Rathgeber Children’s Shelter, Home Depot, and H-E-B Grocery are some of the places that call this node home. Within this same area is the Dell Children’s Medical Center of Central Texas—a Level 1 Pediatric Trauma Center with 1,400± employees on a 32± acre campus—and the Seton Hospital Administrative Offices.

Burnet Rd.

Burnet Rd.

Burnet Rd.

Burnet Rd.

Burnet Rd.

Burnet Rd.

Wm. H

olland

Ave

.

Wm. H

olland

Ave

.

Wm. H

olland A

ve.

Wm. H

olland A

ve.

Houston St.

Houston St.

AUSTIN Downtown / CBDU.T.

Main Campus

AUSTIN, TXNO. 1 MARKET FOR

REAL ESTATE INVESTMENT

- PricewaterhouseCoopers / ULI -

The Brentwood Collection

Casa Del Norte

Elm TreeVacant Lot

Casa Del Norte Apartments

Elm Tree Apartments

+ Vacant Land

Page 5: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

AERIAL MAP | The BRENTWOOD COLLECTION

MUSKINCOMMERCIAL

Casa Del Norte

Casa Del NorteVacant Lot

Vacant LotElm Tree

Elm Tree

The Brentwood Collection

Lawnmont Ave.Lawnmont Ave.

Bur

net

Rd

.B

urne

t R

d.

Cla

y Av

e.

Cla

y Av

e.

Cla

y Av

e.

Cla

y Av

e.

North Loop Blvd.

North Loop Blvd.

North Loop Blvd.North Loop Blvd.

North Loop Blvd.

North Loop Blvd.

Wm

. Hol

land

Ave

.

Wm

. Hol

land

Ave

.

Wm

. Hol

land

Ave

.

Wm

. Hol

land

Ave

.

Wm

. Hol

land

Ave

.

Wm

. Hol

land

Ave

.

Houston St.

Houston St.

Houston St.

Houston St.

Houston St.

Houston St.B

urne

t R

d.

Bur

net

Rd

.B

urne

t R

d.

Bur

net

Rd

.B

urne

t R

d.

Bur

net

Rd

.

LOOP 1(Mopac)

1.0 ± Miles

STATEOFFICES0.8 ± Miles

UNIVESITYof TEXAS2.4 ± Miles

AUSTINCBD

3.8 ± Miles

Page 6: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

AUSTIN TECH andSTARTUP CORRIDOR

1 mi.

Cedar Park

CBD

RoundRock

Lakeline Mall

ACCHighland

LadyBirdLake

MuellerCommunity

The DomainArboretum

LakeTravis

Universityof Texas

StateCapitol

MetroRail Lakeline Station

MetroRail Crestview Station

Camp MabrySeton

Medical Center

The Brentwood Collection

LABS

1

1

1

1

45

620

620

35

35

35

35

183

183

183

183

290

Northcross Mall

TheBRENTWOODCOLLECTION

miles +/- to:

CVS Drugstore

Hancock Rec. Center

HEB (Grocery Store)

The Triangle

Brentwood Park

The Grove Development

Central Market

Highland/ACC

Brightleaf Preserve

University of Texas (U.T.)

Texas State Capital

Austin Downtown/CBD

Austin-Bergstrom Airport

0.2 mi.

0.5 mi.

0.5 mi.

0.8 mi.

1.0 mi.

1.0 mi.

1.3 mi.

1.5 mi.

1.8 mi.

2.4 mi.

3.6 mi.

3.8 mi.

9.0 mi.

PROXIMITY MAP of AUSTIN

Page 7: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

�������������� ����� �������������������� !�"#$!�����!�����%�%��$&�'����%()$*�%+�,(��( $')$',(!-�%$('�.(#%.!(/�!�)���!*$&��%(0!(�0�&%$*�.#1�!�2%�'�'%�2�����!��'3��'3�(!3�456789:;<8=>895=58>?@8A98B:>C8<9DE =F<:G8<HIJKILMNIHOPKQMJRPPOJMSKJRTKRUVHWHVHKIXHNUPYZHNTRUVILKJQMJ[KZO\IRPKIRTKNVIILMNIMJKZO\V]KOJMSKJE =9=>89=_8A5[YIVOKILMNIMJKZO\ROJMSKJRNZ MJSI HV]UPHKNVIMNOK]RPQMQV]KOJMSKJ=F<:G8<a9b?A?bcbCc5?89<8dc?<8CF6>=ef=ghijklimlnjojpmqkqporplslnrllnjtpqujppjopjmjklmvDE wYVV]KHNVKJKIVIMQV]KUPHKNVROMWKRPPMV]KJIXHNUPYZHNTV]KOJMSKJxIM NHNVKJKIVIyE zNQMJ[V]KUPHKNVMQRN\[RVKJHRPHNQMJ[RVHMNROMYVV]KLJMLKJV\MJVJRNIRUVHMNJKUKHWKZO\V]KOJMSKJyE {NIKJV]KUPHKNVxI|YKIVHMNIRNZLJKIKNVRN\MQQKJVMMJUMYNVKJ}MQQKJQJM[V]KUPHKNVyRNZE ~JKRVRPPLRJVHKIVMRJKRPKIVRVKVJRNIRUVHMN]MNKIVP\RNZQRHJP\=>?@8A98B:>C8<@=A<87<898A5=7=<56?A=<8=>895=585<=A9=@5?:AD=9=_8A5;:<:eA8<f98>>8<�>=AC>:<CvD~]KOJMSKJOKUM[KIV]KLJMLKJV\M NKJxIRTKNVV]JMYT]RNRTJKK[KNV HV]V]KM NKJXYIYRPP\HNR JHVVKNPHIVHNTVMIKPPMJLJMLKJV\[RNRTK[KNVRTJKK[KNV{NM NKJxIRTKNV[YIVLKJQMJ[ V]KOJMSKJxI[HNH[Y[ ZYVHKIROMWKRNZ[YIVHNQMJ[ V]K M NKJMQRN\[RVKJHRPHNQMJ[RVHMNROMYVV]KLJMLKJV\MJVJRNIRUVHMNSNM NO\V]KRTKNVXHNUPYZHNTHNQMJ[RVHMNZHIUPMIKZVMV]KRTKNVMJIYORTKNVO\V]KOY\KJMJOY\KJxIRTKNV=9=_8A5;:<Fc68<�58A=A5D~]KOJMSKJOKUM[KIV]KOY\KJ�VKNRNVxIRTKNVO\RTJKKHNTVMJKLJKIKNVV]KOY\KJXYIYRPP\V]JMYT]RJHVVKNJKLJKIKNVRVHMNRTJKK[KNV{OY\KJxIRTKNV[YIVLKJQMJ[ V]KOJMSKJxI[HNH[Y[ ZYVHKIROMWKRNZ[YIVHNQMJ[ V]KOY\KJMQRN\[RVKJHRPHNQMJ[RVHMNROMYVV]KLJMLKJV\MJVJRNIRUVHMNSNM NO\V]KRTKNVXHNUPYZHNTHNQMJ[RVHMNZHIUPMIKZVMV]KRTKNVO\V]KIKPPKJMJIKPPKJxIRTKNV=9=_8A5;:< F:5B �?A58<b8C?=<6D~MRUVRIRNHNVKJ[KZHRJ\OKVKKNV]KLRJVHKIV]KOJMSKJ[YIVQHJIVMOVRHNV]K JHVVKNRTJKK[KNVMQKRU]LRJV\VMV]KVJRNIRUVHMN ~]K JHVVKNRTJKK[KNV[YIVIVRVK ]M HPPLR\V]KOJMSKJRNZXHNUMNILHUYMYIOMPZMJYNZKJPHNKZLJHNVXIKVQMJV]V]KOJMSKJxIMOPHTRVHMNIRIRNHNVKJ[KZHRJ\{OJMSKJ ]MRUVIRIRNHNVKJ[KZHRJ\�E �YIVVJKRVRPPLRJVHKIVMV]KVJRNIRUVHMNH[LRJVHRPP\RNZQRHJP\yE �R\X HV]V]KLRJVHKIx JHVVKNUMNIKNVXRLLMHNVRZHQQKJKNVPHUKNIK]MPZKJRIIMUHRVKZ HV]V]KOJMSKJVMKRU]LRJV\�M NKJRNZOY\KJ�VMUM[[YNHURVK HV]XLJMWHZKMLHNHMNIRNZRZWHUKVMXRNZURJJ\MYVV]KHNIVJYUVHMNIMQKRU]LRJV\VMV]KVJRNIRUVHMNE �YIVNMVXYNPKIIILKUHQHURPP\RYV]MJH�KZHN JHVHNTVMZMIMO\V]KLRJV\XZHIUPMIK�� V]RVV]KM NKJ HPPRUUKLVRLJHUKPKIIV]RNV]K JHVVKNRISHNTLJHUKy� V]RVV]KOY\KJ�VKNRNV HPPLR\RLJHUKTJKRVKJV]RNV]KLJHUKIYO[HVVKZHNR JHVVKNMQQKJyRNZ� RN\ UMNQHZKNVHRPHNQMJ[RVHMN MJRN\ MV]KJHNQMJ[RVHMN V]RVR LRJV\ ILKUHQHURPP\ HNIVJYUVI V]K OJMSKJHN JHVHNT NMVVMZHIUPMIKXYNPKIIJK|YHJKZVMZMIMO\PR ^=99cF=_8A5D{PHUKNIK]MPZKJRUVIRIRIYORTKNV ]KNRHZHNTROY\KJHNRVJRNIRUVHMN HV]MYVRNRTJKK[KNVVMJKLJKIKNVV]KOY\KJ{IYORTKNVURNRIIHIVV]KOY\KJOYVZMKINMVJKLJKIKNVV]KOY\KJRNZ[YIVLPRUKV]KHNVKJKIVIMQV]KM NKJQHJIV5:=�:?CC?97c589�=>>=_<88b8A59F85e88A6:c=AC=F<:G8<9B:c>CF8?Ae<?5?A_=AC@>8=<>6895=F>?9BDE ~]KOJMSKJxIZYVHKIRNZJKILMNIHOHPHVHKIVM\MYXRNZ\MYJMOPHTRVHMNIYNZKJV]KJKLJKIKNVRVHMNRTJKK[KNVE �]M HPPLR\V]KOJMSKJQMJIKJWHUKILJMWHZKZVM\MYX ]KNLR\[KNV HPPOK[RZKRNZ]M V]KLR\[KNV HPPOKURPUYPRVKZ>?@8A98B:>C8<@:A5=@5?A;:<b=5?:AD~]HINMVHUKHIOKHNTLJMWHZKZQMJHNQMJ[RVHMNLYJLMIKIzVZMKINMVUJKRVKRNMOPHTRVHMNQMJ\MYVMYIKV]KOJMSKJxIIKJWHUKIwPKRIKRUSNM PKZTKJKUKHLVMQV]HINMVHUKOKPM RNZJKVRHNRUML\QMJ\MYJJKUMJZI��� ��� ����HUKNIKZ�JMSKJ��JMSKJ�HJ[�R[KMJ ��HUKNIK�M �����[RHP w]MNKwJH[RJ\{IIY[KZ�YIHNKII�R[K ��� ��� ����KIHTNRVKZ�JMSKJMQ�HJ[ ��HUKNIK�M �����[RHP w]MNK��� ��� ����HUKNIKZ�YLKJWHIMJMQ�RPKI{TKNV� ��HUKNIK�M �����[RHP w]MNK{IIMUHRVK ��� ��� ����RPKI{TKNV�{IIMUHRVKxI�R[K ��HUKNIK�M �����[RHP w]MNK����Y\KJ�~KNRNV��KPPKJ��RNZPMJZzNHVHRPI ����RVK<j��hrlj�tslnj5j�rm<jrh8mlrlj�@q��immiqk ���?k�qp�rliqkr�rihrthjrl����lpjg�lj�rm��q�~��}���� �����z{���}��RVK��w]MNK� ���R�� ��������wJMZYUKZ HV]�HL�MJ[�O\�HL�MTH����� ��HQVKKN�HPK�MRZX�JRIKJX�HU]HTRN¡���¢���` �HL�MTH�UM[

£¤¥¦§�©ª««¬­®§°±�²²© ³´µ¶· ¬°°¬«¸«¤¥¦§®ª««¬­®§°¹®ª« º·»µ¼½¾½¿µ¶´À°°¬�£¤¥¦§ ½½¾µ½Á ¬°°¬«¸«¤¥¦§®ª««¬­®§°¹®ª« º·»µ¼½¾½¿µ¶´À°°¬�£¤¥¦§ ½½¾µ½Á ¬°°¬«¸«¤¥¦§®ª««¬­®§°¹®ª« º·»µ¼½¾½¿µ¶´Â §¬°�À°« Á»ÁÁ¶Á à §¬° «¤¥¦§®ª««¬­®§°¹®ª« º·»µ¼½¾½¿µ¶´ÄÅÆÇÈÉ�ÊËÌÌÍÎÈÏÐÑÒ�ÓÓÊÒ�ÔÕÖ×�ØÙÈÏÍÚËËÛ�ØÙÎÈÉÜÆ�ÝÛÒ�ÞÔß×Ö×�àÅÆáÈÉÒ�âã�äåäæç èæ×éêëÔëßéäÖÖ èæ×éêëÔëßéäÖë ìÉáÈáÑÍÛíÑÑÍÉ�ÄÅÆÇÈÉ

Page 8: Casa Del Norte - muskincommercial.com€¦ · CASA DEL NORTE ELM TREE Î Located in the well-established Brentwood Neighborhood, surrounded by bungalow-style single-family homes Î

Muskin Commercial, LLC has prepared this brochure to provide summary information to prospective purchasers and makes no warranty or representation about the content. While this information has been obtained from sources believed to be reliable; Muskin Commercial, LLC has not conducted any investigation regarding these matters and prospective purchasers

should independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are examples only and do not necessarily represent the current or future performance of the property. This brochure does not constitute an offer of sale, but is merely an invitation to bid.

ELLEN MUSKIN512.343.2700 x3

[email protected]

DANIEL ELAM512.343.2700 x4

[email protected]

4601 Spicewood Springs Road, Bldg 4, Suite 101, Austin, TX 78759

1

AUSTIN

360

71

130

290

290

183

183 35

35

35

TheBrentwoodCollection

WWW.MUSKINCOMMERCIAL.COM/PROPERTY/BRENTWOOD-COLLECTION