5406 WM. HOLLAND AVE.
5404 WM. HOLLAND AVE.
5402 WM. HOLLAND AVE.
13,237 SF±
13,230 SF±
13,237 SF±
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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
# 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
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
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.
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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
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.
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LOOP 1(Mopac)
1.0 ± Miles
STATEOFFICES0.8 ± Miles
UNIVESITYof TEXAS2.4 ± Miles
AUSTINCBD
3.8 ± Miles
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
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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.
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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
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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
DANIEL ELAM512.343.2700 x4
4601 Spicewood Springs Road, Bldg 4, Suite 101, Austin, TX 78759
1
AUSTIN
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130
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TheBrentwoodCollection
WWW.MUSKINCOMMERCIAL.COM/PROPERTY/BRENTWOOD-COLLECTION