BR AK ER 6 · 7 ·11
AUSTIN, TEX AS
E X EC U T I V E SU M M A RY
BRAKER 6 ·7·11
AUSTIN, TEX AS
Stream Realty Partners is pleased to present the exceptional opportunity
to acquire the Braker 6, 7 & 11 Flex/Office Portfolio, a 218,301 square
foot light industrial portfolio. Each building has an irreplaceable in-fill
location and functional multi-tenant design that segment them in the
top tier of Flex/Office properties within the Austin industrial market.
Currently 93% leased to a diverse blend of tenants, Braker 6, 7 & 11
provides investors a stable cash flow base as well as tremendous upside
potential through the lease up of vacant space and rolling near-term
expirations to market rates in an increasing rental rate environment.
Stream | 2
ADDRESS
Metric Boulevard & Braker Lane
SIZE
218,301 NRSF
SITE AREA
13.49 Acres
% LEASED
93%
YEAR BUILT
1982
PARKING RATIO
2.7:1,000 NRSF of Surface Parking
BRAKER 6 ·7·11
AUSTIN, TEX AS
SUPERIOR TENANCY with EXCEPTIONAL VALUE ADD POTENTIAL
•
The three (3) building portfolio is 93% leased to 23 national,
regional and local credit tenants.
•
Strong upside potential exists in the portfolio through the leaseup of vacant space and the renewal of existing tenants that are on
average 16% below market.
•
Over 52% of the total portfolio is expiring over the next three (3)
years which in turn offers ample upside for value-add investors.
•
Efficient floor plans with superior visibility to major thoroughfares
& Braker Center.
PROPERTY
ADDRESS
SQ FOOTAGE
CLEAR HEIGHT
% LEASED
YEAR BUILT
LAND AREA (ACRES)
PARKING RATIO
LOADING
BRAKER 6
11212 METRIC BLVD
39,825
16’
100%
1982
2.94
2.9:1,000
DOCK-HIGH & RAMPS
BRAKER 7
11100 METRIC BLVD
110,778
16’
100%
1983
5.89
2.5:1,000
DOCK-HIGH & RAMPS
BRAKER 11
2205 BRAKER LANE
67,698
16’
78%
1982
4.66
2.7:1,000
DOCK-HIGH & RAMPS
218,301
16’
93%
1982-1983
13.49
2.7:1,000
DOCK-HIGH & RAMPS
PORTFOLIO TOTALS
Stream | 3
IBM
CAMPUS
THE DOMAIN
W BRAK ER LN
KRAMER LN
K R AMER L
N
IC BL
VD
METR
UNIVERSITY OF
TEXAS
JJ PICKLE
RESEARCH
CAMPUS
BURNET RD
W BR AK ER LN
BRAKER 6 ·7·11
AUSTIN, TEX AS
W RUNDB ERG LN
PRO M I N E N T LO C AT I O N A DJACENT TO M A J O R H I G H WAYS
Stream | 4
PA
R
KEY DISTANCES
• Austin CBD
• ATX Airport
• San Antonio
• Houston
• Dallas
BRAKER 6 ·7·11
AUSTIN, TEX AS
M
ER
11.3 miles
18.2 miles
90.9 miles
162 miles
187 miles
LN
North Burnet/Gateway
SUPERIOR INFILL LOCATION
The Domain
The Arboretum
The Arboretum at Great Hills offers a unique
shopping experience amidst a park-like setting
with more than 40 fine shops and restaurants
in Austin’s premier retail area. With an easily
accessible location at the southern corner
of 183 and Great Hills Trail, the Arboretum
features a strong tenancy of retailers such as
Pottery Barn, Barnes & Noble Booksellers,
Z Gallerie, The Gap and AZIZ Salon and Day Spa.
RD
W
KR
BR
AM
AK
ER
ER
LN
BRAKER 6 ·7·11
IRREPLACEABLE
BUSINESS PARK SETTING
Located at the corner of Braker Lane and
Metric Blvd. in North Austin, Braker Center
consists of a master-planned, mixed-use
business park containing over one million
square feet of beautifully landscaped flex,
office warehouse and light industrial space.
Provides both immediate access to I-35
and insulation from traffic congestion.
Stream | 5
BL
VD
C
RI
ET
M
THE
ARBORETUM
NET
The Domain
Centrally located on 300 acres along Mopac just north of its intersection with
Highway 360, the multi-phased Domain development is widely considered
the region’s premier shopping destination. the Domain has become a true
mixed use environment in the past several years with a nine acre park and
more than 1800 luxury residential units, 1.46 million square feet of Class A
office space, 1.2 million square feet of retail space and 600 hotel rooms.
THE
DOMAIN
BUR
North Burnet Gateway Area
The Braker 6, 7 & 11 portfolio is located within the North Burnet/Gateway
Planning Area in the north part of Austin’s urban core. The master plan for
this area encourages high quality design, connectivity, and a mix of uses to
begin accommodating Central Texas Region’s expected population growth
over the next 30 years. The plan has adopted several initiatives for this area to
accommodate the future population growth Austin is expected to incur by the
year 2025 such as providing direct pedestrian links to rail stations and other
transit uses in the district, integrating housing above commercial to create
transitions into surrounding neighborhoods and expanding the existing
street network to improve mobility and access within North Burnet/Gateway.
LN
BRAKER 6 ·7·11
AUSTIN, TEX AS
NORTH AUSTIN FLEX OCCUPANCY & RENTAL RATES
100.00%
$13.00
$12.00
95.00%
$11.00
INCREASING SUBMARKET FUNDAMENTALS
•
•
The high performing North Austin Flex/Industrial submarket consistently
leads the city in absorption and maintains some of the highest occupancy
and rental rates in the city.
Rental rates in North Austin are $12.12 net, 11.23% above the citywide
average, and the North Austin rates have increased 37.4% since Q4 2012.
90.00%
$10.00
85.00%
$9.00
$8.00
80.00%
$7.00
75.00%
$6.00
*Source CoStar Property
$5.00
BOOMING AUSTIN MARKET
•
•
Austin’s abundant, highly educated work force and superior quality of life
are indicative of the city’s exceptional economic growth.
Austin’s current unemployment rate of 4.2% is significantly lower than the
statewide rate of 5.3% and the national rate of 6.1%.
*Source US Census
•
Austin was the first U.S. city to recover from the recession, according to
a national report from HIS Global Insight and is projected to grow more
than 20% in population by 2020.
70.00%
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
2012
2013
2013
2013
2013
2014
2014
2014
2014
2015
2015
2015
North Austin Rental Rate
Austin Rental Rate
Austin Occupancy
*Source CoStar Property
AMERICA’S FASTEST
GROWING CITIES
— FORBES 2015
BEST CITY FOR
JOB CREATION
TIME, MARCH 2015
Stream | 6
North Austin Occupancy
NEW RESIDENTS
EVERYDAY SINCE 2000
W W W. S T R E A M R E A LT Y. C O M
IN V E S T MEN T S A L E S • PR O PER T Y L E A SIN G • PR O PER T Y M A N AGEMEN T • PR OJ EC T & D E V ELO PMEN T SER V I CE S
PR IN CIPA L T R A NS AC T I O NS • R E SE A R CH & A N A LYSIS
WILL NICHOLS
SAM OWEN
CAITLYN RYAN
Managing Director
512.481.30 09
[email protected]
Vice President
512.481.3030
[email protected]
Vice President
512.481.3015
cr [email protected]
ATL ANTA I AUSTIN I CHARLOT TE I DALL AS / FT. WORTH I DENVER I HOUSTON I LOS ANGELES I OR ANGE COUNT Y I SAN ANTONIO I WASHINGTON, DC
Stream Realty Partners has been engaged by the owner of the properties to market them for sale. Information concerning the property (properties) described herein has been obtained
from sources other than Stream Realty Partners and neither Owner nor Stream Realty Partners, nor their respective equity holders, officers, employees and agents make any representations
or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific
information are approximate. Any opinions, assumptions or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due
diligence criteria different from that used by a purchaser, and Stream Realty Partners, its, officers, employees and agents disclaim any liability that may be based upon or related to the
information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.