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Investment Highlights

  • fully leased but unable to list correct tenants, please note
  • no deferred maintenance
  • well maintained building

Executive Summary

fully leased, prime shallow bay, flex space of 27,300 sq ft. Currently leased to 6 tenants with staggered expirations dates of leases, all of whom are into renewals as longer term tenants. All leases contain annual 3% increases bumping the cap rate when all executed. Exceptionally well maintained with no deferred maintenance. New roof, recently painted, parking lot resurfaced and restriped. all units have full HVAC. Newer parking lot lights and each unit has at least one restroom, several have 2 and the largest space even more. Ample designated and visitor parking. Conveniently accessed to I 35 vis Rundberg and 183 via Cameron. secure rear access with remote controlled gate.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $627,503 $23.24
Other Income - -
Vacancy Loss - -
Effective Gross Income $627,503 $23.24
Taxes $122,121 $4.52
Operating Expenses $92,009 $3.41
Total Expenses $214,131 $7.93
Net Operating Income $413,373 $15.31

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $627,503
Annual Per SF $23.24
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $627,503
Annual Per SF $23.24
Taxes (CAD)
Annual $122,121
Annual Per SF $4.52
Operating Expenses (CAD)
Annual $92,009
Annual Per SF $3.41
Total Expenses (CAD)
Annual $214,131
Annual Per SF $7.93
Net Operating Income (CAD)
Annual $413,373
Annual Per SF $15.31

Property Facts

Price $6,963,430 CAD
Price Per SF $257.90 CAD
Sale Type Investment
Cap Rate 6.03%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Service
  • FlexLight Distribution
Building Class B
Lot Size 1.97 AC
Rentable Building Area 27,000 SF
No. Stories 1
Year Built 1985
Parking Ratio 1.8/1,000 SF
Clear Ceiling Height 15’6”
No. Drive In / Grade-Level Doors 6
Zoning LI

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Shallow Bay
  • Air Conditioning

Utilities

  • Water - City
  • Sewer - City

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Purchase Corner
  • -
  • -
  • -
  • Modified Gross
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Purchase Corner - - - Modified Gross -
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
240704
Land Assessment
$598,151 CAD
Improvements Assessment
$4,978,169 CAD
Total Assessment
$5,576,320 CAD
Annual Taxes
$122,121 CAD ($4.52 CAD/SF)
Tax Year
2025
  • Listing ID: 40010131

  • Date on Market: 2026-04-02

  • Last Updated:

  • Address: 1515 Dungan Ln, Austin, TX 78754

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