Innovation Business Park Buildings 1 & 2, Hutto (Austin), Texas

Property: 82 acres for development. Acquired December 2023

The land is located in Caldwell County with frontage on Highways 183 and 130 in Austin, Texas. This was an off-market distressed land acquisition at an opportunistic price that came through a long standing relationship. The land is located in the County with no barriers to development. The location is approximately 15 minutes from the Austin Bergstrom Airport and the Tesla gigafactory.

Strategy: Designing the park to deliver a business park that will provide small concrete tilt-up buildings for sale to users, industrial outside storage (IOS) buildings with large yards, and a value warehouse. Small buildings for sale and IOS are difficult to find in Austin due to high land prices and coverage ratios. Complete flexibility to sell lots, complete build-to-suits for either sale or lease, and provide Seller financing to end-users..