Austin Premium Property
Mgt Co
500 West 6th Suite 402
Austin, Texas 78701
512-320-8040 off
512-917-7338 Mob
Property Information
1010 N Lamar Blvd. Travis County Austin, Texas 78703
Location:Located at 1010 N Lamar Blvd.
Legal: The north 53 ft of Lots 10 and 11, block 2, C.H. Sillmans Subdivision of Outlet 5, Division “E”, a subdivision in Travis County, Texas, according to map or plat thereof recorded in Volume 1 page 118, Travis County Plat records.
Improvements: 3345 sq. ft. free standing brick/rock/stucco building. Leased on “as is basis”. This is per floor plans.
Site: Approximately 5300 +/- sq. ft. lot.frontingon N,Lamar Blvd.
Rent: $2.00 per sq. ft. NNN with annual increases of 3% beginning year 2.
Estimated: Base rent $6,690 per month year one. NNN’s estimated at Real property taxes based on 2017 tax assessment and rate. $1,487.00 per month, and pass through cost for property insurance $300.00 per month and flood insurance $ 487.00 per month. Common area maintenance and repairs estimated at $180.00 per month and based on actual invoices for all expenses year end. Total NNN’s estimated per month $2,454.00 per month.
2018 tax assessment by Travis County Appraisal district has increased to proposed $1,284237 from the 2017 tax assessment of $812,489.00. Landlord is protesting the increases by uses tax service. If the tax protest is not successful, the monthly tax assessment pass through could be increased to $ 1,956.90 per month.
Lease Term: Negotiable. Landlord will do five-year lease with option to extend to TBD.
Utilities: / Tract is served with electricity, water, wastewater, telephone and natural gas.Availability: / June 01, 2018 or before.
Zoning: / Commercial/retail
Improvements: The entire site is paved with concrete and asphalt and has great pole signage at street and signage on front façade. The building. located on the property. The building wasrecently used by Armstrong McCall as a retail beauty sales products location. Concrete polished floorwith pre-finished galvalume walls, and drop light fixtures giving it an industrial look. It has two (2) handicap bathrooms, and 6 parking spots in front.
Uses: Other possible uses could be anofficewith excellent exposure and parking or small retail space that is open, accessible and visible with great signage on street on the pole sign or on the front of the building.
There are very few sites left for development between the river south and 12th street to the north. Because of the great views to downtown this would be great re-development site.
Flood Plain: This property is in the shoal creek flood plain and has experience rising water several times in the past. See agent for amount of water that has been in the space. The property is insurable through Federal Flood program for the building. Tenant can obtain content insurance as well.
Tenant Rep: Commission negotiable based on Tenant proposal, lease term, financials of tenant and length of lease. Based on primary term of lease negotiated. Commission agreement provides for default provisions.
Exhibits: Floor plan, survey, elevations and pictures available.
Showing: By appointment with agent or accessible by MLS lockbox available 5/5/2108.