Recent Industrial Sales in Austin

Online, December 10, 2012 (Newswire.com) - The Austin market shows some measurable changes in the sale of industrial properties. In the month of October 2012, 19 industrial facilities were sold in the Austin market. The increase was a two-time increase compared October 2011. In terms of square feet sales increased by 489,711 square. This represented a 0.01% increase over the same month last year. Some of the recent sales in the entire market include.

In the month of October 2012, 2416 East Sixth Street LP, an entity of Cypress Real Estate Advisors has purchased 2416 East 6th Street, a 76,000 square-foot manufacturing facility located at 2416 East 6th Street in Austin, Travis County, from Balcones Resources Inc. The 41-year old owner occupied property is fully occupied. The industrial facility which is situated on 4.1 acres is located between Hidalgo Street and East 6th Street. The facility has access East Sixth Street and Pedemales Street. The rent type is industrial gross. According to County Appraisal District the total assessed value of the facility was $3.2 million. The major tenant at the building is Balcones Resources.

Another significant sale for the month is the sale of 12342 RR 620. 12342RM620 Investments LP has purchased 12342 RR620, a 56,000 square foot mini-warehouse facility located at 12342 Ranch Road 620 in Cedar Park, Williamson County, from CWT USA Ltd, an entity of McAllister & Associates. The 30-year-old facility was fully occupied at the time of sale. The industrial property is situated on 3.21 acres. The multi-tenant property is located along North Ranch Road 620. The industrial facility has access to only the Ranch Road 620. The single building is being fully leased and the rent type is industrial gross. According to County Appraisal District the total assessed value of the facility was $2.1 million.

Lenders, appraisers, developers, investors, tenants and real estate brokers are just some of the real estate professionals who regularly need real estate market data. They seek timely raw data and summary statistics regarding the market and submarkets. O'Connor & Associates has been providing this information since 1988. The Market Research and Consulting division of O'Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses - multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Austin Industrial Space To Lease Houston office space leasing, Dallas retail space leasing, Dallas industrial leasing, Austin Industrial Space For Sale Houston industrial space leasing, Houston apartments, Fort Worth apartments, Austin apartments, and San Antonio apartments.

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