Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2446/ Marcus & Millichap is pleased to present a ±25.12-acre parcel of land located at 8146 Exchange Drive (the “Property”) in Austin, Texas. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property is a ±25.12-acre former landfill situated within a dense business and industrial park right off US-183 with traffic counts of ±105,782 vehicles per day. The Property benefits from strong demand generators and is surrounded by many residential neighborhoods, as well as numerous national credit tenants including Home Depot, Walmart, Target, H-E-B, and many others. The Property benefits from highly favorable LI, Limited Industrial, zoning that allows for a wide variety of uses including retail, office, hotel, convenience storage (self-storage), and many more. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside. Austin is one of the fastest-growing cities in the U.S., known for its thriving tech industry, strong economy, and high quality of life. As the capital of Texas, Austin serves as a major hub for business, government, education, and culture. Located in the affluent North Austin submarket just 8-miles from downtown, the Property benefits from dense and compelling demographics. The five mile trade area is supported by ±309,842 residents boasting an impressive average household income of ±$91,976. Within five miles of the Property, the population has grown 7.72% since 2020 and is anticipated to grow another 9.1% between 2024 and 2029.With easy access to I-35 (±2 miles) and downtown, this offering provides the opportunity to develop an extremely well-located asset within a growing market that only continues to grow.