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Madrone Office Park & Storage - Availability Details

706 FM 2325, Wimberley, TX 78676

  • For Sale $1,050,000
  • City Wimberley
  • Zip Code 78676
  • Market Austin
  • Property Type Other
  • Property Size 14,087 Sqft
  • Lot Size 1.01 Acre
  • Parking Spaces Avail. 6
  • Year Built 1978
  • Year Renovated 2019
  • Date Updated 29 May, 2021
With minimal competition in the immediate vicinity, Madrone Office Park & Storage is less than 33 miles from downtown Austin, and just 15 miles from IH-35 and Texas State University in historic San Marcos, TX. The property is located directly on FM 2325 and benefits from traffic of over 11,000 vehicles per day. It is right down the street from Wimberley High School and Danforth Junior High, and across the street from the weekly Wimberley Market Days open from March through December. It is also surrounded by parks and spring-fed rivers and creeks, making the area ideal for outdoor enthusiasts.
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Contacts

broker

Mark V. Diebold

Independence Commercial Advisors

(512) 667-4380

Highlights

  • Tremendous Upside Opportunity by Burning Off Loss to Lease. Madrone Office Park & Storage is currently at 97% physical occupancy, while economic occupancy is only 84%. This investment represents the potential to earn a 5-year average cash-on-cash return of over 17%.
  • Brand-New 2,720 SF Climate-Controlled Building Construction just completed in 2019 and is now stabilized. The original drive-up units are currently 100% occupied.

Contact Listing Broker

broker

Mark V. Diebold

Independence Commercial Advisors

(512) 667-4380

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