AUSTIN SOUTH LAMAR APARTMENTS 328 UNIT …...AUSTIN SOUTH LAMAR APARTMENTS 328 UNIT DEVELOPMENT. 10 S L amar A. ustin, TX, 78704. 512 682 1000. 9130 Jollyville Rd., Suite 300 Austin,

512 682 10009130 Jollyville Rd., Suite 300

Austin, TX 78759cipaustin.com

Neighborhood Retail Center | 1607 S Lamar | Austin, TX, 78704FOR SALE

Robby Eaves, [email protected]

Nick Nelson, [email protected]

S Lamar Blvd

S Lamar Blvd

Evergreen Ave

Evergreen Ave

43,000 VPD (2019)

AUSTIN SOUTH LAMAR AUSTIN SOUTH LAMAR APARTMENTSAPARTMENTS

328 UNIT DEVELOPMENT328 UNIT DEVELOPMENT

1607 S Lamar | Austin, TX, 78704



All information furnished regarding this property is from sources deemed reliable; however, CIP Austin has not made an independent investigation of these sources and no warranty or representation is made by CIP Austin as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal from market without notice. CIP Austin further has not made and shall not make any warranty or representations as to the condition of the property nor the presence of any hazardous substances or any environmental or other conditions that may affect the value or suitability of the property.

ADDRESS: 1607 South Lamar, Austin, TX 78704

PRICE: $5,500,000

NET OPERATING INCOME: $311,075

BUILDING SIZE: 8,368 SF

LAND SIZE: .36 Acres

ZONING: CS-V

YEAR BUILT: 1946/2016

TRAFFIC COUNT: 43,000 VPD South Lamar (2019)

main 512 682 1000 | fax 512 682 1031 | cipaustin.com

For More Information Contact:

Robby Eaves, CCIMPrincipal

[email protected] | 512 682 1003

Nick Nelson, CCIMSenior Vice President

[email protected] | 512 682 1006

SUMMARY

TENANT PROFILES:

Lydian Dental works to restore healthy smiles locally and around the globe through their services and educational programs.

Lavish Nail & Spa provides clients with manicures, pedicures, and waxing from highly trained professionals in a relaxing environment.

Wheelhouse Salon has a team of highly-trained stylists made up of a diverse mix of expertise and experience.

TENANT RENT ROLL RATE/SFTENANT RENT ROLL RATE/SFRate Per Square Feet

Tenant Rent RollTenant Rent Roll 1607 S Lamar1607 S LamarFiscal Year Beginning June 2020

Nick Nelson, CCIMNick Nelson, CCIMCommercial Industrial PropertiesCommercial Industrial Properties3737 Executive Center Dr., Austin TX 78731Phone: 512-682-1006 | Email: [email protected] © Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial IndustrialProperties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service.

Page 4Page 4

1603

A

1605

Suite

/Uni

t

Annualized Rate

$35.00

$37.82

$36.00

$30.00 $40.00$20.00$10.00$0.00

Suite

/Uni

tSu

ite/U

nit

Annualized RateAnnualized Rate

All information (Information) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable. However, neither CIP Austin nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, CIP Austin and Related Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation is made by CIP Austin and Related Parties as to the accuracy of such Information. The Information is submitted subject to the possible errors or omissions, and no person or organization should rely on the Information, unless such person or organization has conducted an independent investigation to confirm the accuracy thereof.




AREA MAP

j

j

j

j

j

jZilker Park

Gus Fruth Park

Butler Metro Park

Town Lake-Lamar Beach

Zilker Metropolitan Park

Barton Creek Square Mall

AUSTIN

ZILKER

DAWSONGALINDO

BOULDIN

DOWNTOWN

TREEMONT

ST EDWARDS

SOUTH LAMAR

BARTON HILLS

TRAVIS HEIGHTS

SOUTH RIVER CITY

§̈¦35

§̈¦35

Mopac Blvd

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W 5th St

S Capital of Texas Hwy

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Barton Springs Rd

E 5th St

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Mopac Blvd

S Mopac Expy

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S Capital of Texas H

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S Lamar Blvd

UV2244

UV2304

Barton Creek

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Para

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Rollingwood Dr

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Lou Neff Rd

Southport Dr

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£¤290

1234

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91011

12131415

16171820

21222324

25

262728

29

3031

3233

3435

1 Bridges on the Park 14 Office/Retail Development 27 Maria’s Taco Xpress2 Cole Apartments 15 Post South Lamar 28 Matt’s El Rancho3 Barton Springs Saloon 16 Chi’Lantro, Starbucks 29 Barton’s Mill Apartments4 Talisman Condos 17 Snooze, Picnik 30 Bell South Lamar Apartments5 Uchi 18 Austin South Lamar Apartments 31 Kerbey Lane, Half Price Books6 Austin Heights Condominiums 19 Corner Bar, Austin’s Pizza 32 Broken Spoke7 Windsor South Lamar 20 New 74K Mixed Use Development 33 704 Apartments8 Townhollow Apartments 21 Bouldin Creek Development 34 Groves South Lamar9 Odd Duck 22 Black Sheep Lodge 35 Greenview Apartments

10 Lamar Union Apartments 23 Loro 36 Lakehills Plaza Shopping Center11 Alamo Drafthouse 24 East Side King 37 Brodie Oaks Shopping Center12 Gibson Flats Apartments 25 Bluebonnet at Zilker Condos13 Saxon Pub, Ramen Tatsuya 26 Bluebonnet Studios

SUBJECT19

36

37





RENT ROLL/LEASE

EXPIRATIONS

Lease Sq. Ft. Expiring

For the Year Ending

Year 1

May-2021

Year 2

May-2022

Year 3

May-2023

Year 4

May-2024

Year 5

May-2025

Year 6

May-2026

Year 7

May-2027

Year 8

May-2028

Year 9

May-2029

Year 10

May-2030

1603 Lavish Nails 2,060

A Lydian Dental 4,135

1605 Grimes Wheelhouse 2,173

Total Square Feet Expiring 0 0 0 2,173 0 0 2,060 4,135 0 0

Percent of Building Total 0% 0% 0% 26% 0% 0% 25% 49% 0% 0%

Lease Expiration Rollover Analysis

0

910

1,820

2,730

3,640

4,550

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

0 0 0

2,173

0 0

2,060

4,135

0 0

Lease Expiration Rollover AnalysisLease Expiration Rollover Analysis 1607 S Lamar1607 S LamarFiscal Year Beginning June 2020

Nick Nelson, CCIMNick Nelson, CCIMCommercial Industrial PropertiesCommercial Industrial Properties3737 Executive Center Dr., Austin TX 78731Phone: 512-682-1006 | Email: [email protected]

© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.


Page 14Page 14

Suite/Unit TenantRentable

Area(Sq. Ft.)

Lease

Start Date

Lease

End Date

Initial Lease

Term (Months)

Current Monthly

Rate Per Sq. Ft.

Current Annual

Rate Per Sq. Ft.

Current Year

Annual

Base Rent

1603 Lavish Nails 2,060 Mar-20 May-27 87 $2.92 $35.00 $72,100

A Lydian Dental 4,135 Aug-17 Jul-27 120 $3.15 $37.82 $159,659

1605 Grimes Wheelhouse 2,173 Oct-18 Nov-23 62 $3.00 $36.00 $79,314

Total Amount 8,368 $311,074

Tenant Rent RollTenant Rent Roll 1607 S Lamar1607 S LamarFiscal Year Beginning June 2020




Page 2Page 2

TENANT RENT ROLL

Lease Sq. Ft. Expiring

For the Year Ending

Year 1

May-2021

Year 2

May-2022

Year 3

May-2023

Year 4

May-2024

Year 5

May-2025

Year 6

May-2026

Year 7

May-2027

Year 8

May-2028

Year 9

May-2029

Year 10

May-2030

1603 Lavish Nails 2,060

A Lydian Dental 4,135

1605 Grimes Wheelhouse 2,173

Total Square Feet Expiring 0 0 0 2,173 0 0 2,060 4,135 0 0

Percent of Building Total 0% 0% 0% 26% 0% 0% 25% 49% 0% 0%

Lease Expiration Rollover Analysis

0

910

1,820

2,730

3,640

4,550

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

0 0 0

2,173

0 0

2,060

4,135

0 0

Lease Expiration Rollover AnalysisLease Expiration Rollover Analysis 1607 S Lamar1607 S LamarFiscal Year Beginning June 2020




Page 14Page 14





10 YR AFTER TAXCASH FLOW

ANALYSISINITIAL INVESTMENT

Purchase Price

+ Acquisition Costs

- 1st Mortgage

+ Total Loan Fees and Points

Initial Investment

MORTGAGE DATA 1ST LIEN

Loan Amount

Interest Rate

Amortization Period

Loan Term

Loan Fees Points

Periodic Payment

Annual Debt Service

10-YEAR CASH FLOW SUMMARY

For the Year EndingYear 1

May-2021

Year 2

May-2022

Year 3

May-2023

Year 4

May-2024

Year 5

May-2025

Year 6

May-2026

Year 7

May-2027

Year 8

May-2028

Year 9

May-2029

Year 10

May-2030

POTENTIAL RENTAL INCOME (PRI)

Base Rental Income

-Turnover Vacancy

- Rent Concessions

Total Base Rental Income

- General Vacancy / Credit Loss

EFFECTIVE RENTAL INCOME

+ Tenant Expense Reimbursements

+ Other Income

GROSS OPERATING INCOME (GOI)

- Operating Expenses

NET OPERATING INCOME (NOI)

- Depreciation

- 1st Lien Interest Deduction

- Amortized Loan Costs

TAXABLE INCOME

x Federal Marginal Tax Rate (39.6%)

x Local Marginal Tax Rate (0%)

x Medicare Surtax (3.8%)

TAX LIABILITY (Savings)


- Capital Expenses / Replacement Reserves

- Annual Debt Service 1st Lien

- Tenant Improvements (TI)

- Leasing Commissions (LC)

CASH FLOW BEFORE TAXES

- Tax Liability (Savings)

CASH FLOW AFTER TAXES

$5,500,000

$0

$3,850,000

$38,500

$1,688,500

$3,850,000

5.000%

25 Years

25 Years

1.00%

$22,507

$270,081

$311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935

$73,968 $73,968 $73,968 $73,968 $73,968 $69,166 $73,968 $69,416 $73,968 $73,968

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$385,043 $393,376 $401,854 $410,531 $418,252 $420,284 $432,128 $443,323 $447,904 $447,904

$73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968

$311,075 $319,408 $327,886 $336,563 $344,284 $346,316 $358,160 $369,355 $373,936 $373,936

$94,605 $98,718 $98,718 $98,718 $98,718 $98,718 $98,718 $98,718 $98,718 $94,605

$190,697 $186,636 $182,367 $177,879 $173,162 $168,203 $162,991 $157,512 $151,753 $145,699

$1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540

$24,233 $32,514 $45,261 $58,426 $70,864 $77,855 $94,911 $111,585 $121,925 $132,092

$9,596 $12,876 $17,923 $23,137 $28,062 $30,831 $37,585 $44,188 $48,282 $52,308

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$921 $1,236 $1,720 $2,220 $2,693 $2,958 $3,607 $4,240 $4,633 $5,019

$10,517 $14,112 $19,643 $25,357 $30,755 $33,789 $41,192 $48,428 $52,915 $57,327

$311,075 $319,408 $327,886 $336,563 $344,284 $346,316 $358,160 $369,355 $373,936 $373,936

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$40,994 $49,327 $57,805 $66,482 $74,203 $76,235 $88,079 $99,274 $103,855 $103,855

$10,517 $14,112 $19,643 $25,357 $30,755 $33,789 $41,192 $48,428 $52,915 $57,327

$30,477 $35,215 $38,162 $41,125 $43,448 $42,446 $46,887 $50,846 $50,940 $46,528

10-Year After Tax Cash Flow Analysis10-Year After Tax Cash Flow Analysis 1607 S Lamar1607 S LamarFiscal Year Beginning June 2020




Page 1Page 1





EXPENSE DETAILANALYSIS

EXPENSE DETAIL

Real Estate Taxes

Utilities

Insurance

Management

Landscape Maintenance

TOTAL OPERATING EXPENSES


INCOME


May-2021

Year 2

May-2022

Year 3

May-2023

Year 4

May-2024

Year 5

May-2025

Year 6

May-2026

Year 7

May-2027

Year 8

May-2028

Year 9

May-2029

Year 10

May-2030

POTENTIAL RENTAL INCOME (PRI)

Base Rental Income

- Turnover Vacancy

- Rent Concessions

Total Base Rental Income

- General Vacancy / Credit Loss

EFFECTIVE RENTAL INCOME (ERI)

+ Tenant Expense Reimbursements

+ Other Income

GROSS OPERATING INCOME (GOI)

$311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935

$73,968 $73,968 $73,968 $73,968 $73,968 $69,166 $73,968 $69,416 $73,968 $73,968

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$385,043 $393,376 $401,854 $410,531 $418,252 $420,284 $432,128 $443,323 $447,904 $447,904

$57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911

$5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151

$5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756

$4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626

$525 $525 $525 $525 $525 $525 $525 $525 $525 $525

$73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968

$311,075 $319,408 $327,886 $336,563 $344,284 $346,316 $358,160 $369,355 $373,936 $373,936

Expense Detail AnalysisExpense Detail Analysis 1607 S Lamar1607 S LamarFiscal Year Beginning June 2020




Page 7Page 7





SALES PROCEEDS ANALYSIS

Improvement Allocation (70%)

Depreciation Life

Interest Deduction

Loan Cost Deduction

U.S. Mid-Month Convention

Sales Proceeds Before Tax

- Federal Capital Gain Tax (20%)

- Local Capital Gain Tax (0%)

- Tax on Recaptured Depreciation (25%)

- Medicare Capital Gain Tax (3.8%)

+ Loan Fees & Points Tax Savings

SALES PROCEEDS AFTER TAX


May-2021

Year 2

May-2022

Year 3

May-2023

Year 4

May-2024

Year 5

May-2025

Year 6

May-2026

Year 7

May-2027

Year 8

May-2028

Year 9

May-2029

Year 10

May-2030

CAP Rate at Sale (subsequent year NOI)

Sale Price

- Cost of Sale

- 1st Lien Balance

SALES PROCEEDS BEFORE TAX

Original Purchase & Costs (Basis)

- Depreciation Taken

Net Adjusted Basis

Sale Price

- Cost of Sale

- Original Purchase & Costs (Basis)

Capital Gain (Loss)

Loan Fees & Points Paid

- Loan Fees & Points Amortized

Loan Fees & Points Remaining

x Marginal Income Tax Rate

Loan Fees & Points Tax Savings

$3,850,000

39 Years

Yes

Yes

Yes

6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%

$5,323,000 $5,465,000 $5,609,000 $5,738,000 $5,772,000 $5,969,000 $6,156,000 $6,232,000 $6,232,000 $6,080,000

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$3,770,617 $3,687,172 $3,599,458 $3,507,256 $3,410,337 $3,308,460 $3,201,370 $3,088,802 $2,970,474 $2,846,092

$1,552,383 $1,777,828 $2,009,542 $2,230,744 $2,361,663 $2,660,540 $2,954,630 $3,143,198 $3,261,526 $3,233,908

$5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000

$94,605 $193,323 $292,041 $390,759 $489,477 $588,195 $686,913 $785,631 $884,349 $978,954

$5,405,395 $5,306,677 $5,207,959 $5,109,241 $5,010,523 $4,911,805 $4,813,087 $4,714,369 $4,615,651 $4,521,046

$5,323,000 $5,465,000 $5,609,000 $5,738,000 $5,772,000 $5,969,000 $6,156,000 $6,232,000 $6,232,000 $6,080,000

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000

($177,000) ($35,000) $109,000 $238,000 $272,000 $469,000 $656,000 $732,000 $732,000 $580,000

$38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500

$1,540 $3,080 $4,620 $6,160 $7,700 $9,240 $10,780 $12,320 $13,860 $15,400

$36,960 $35,420 $33,880 $32,340 $30,800 $29,260 $27,720 $26,180 $24,640 $23,100

43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40%

$16,041 $15,372 $14,704 $14,036 $13,367 $12,699 $12,030 $11,362 $10,694 $10,025

$1,552,383 $1,777,828 $2,009,542 $2,230,744 $2,361,663 $2,660,540 $2,954,630 $3,143,198 $3,261,526 $3,233,908

($35,400) ($7,000) $21,800 $47,600 $54,400 $93,800 $131,200 $146,400 $146,400 $116,000

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$23,651 $48,331 $73,010 $97,690 $122,369 $147,049 $171,728 $196,408 $221,087 $244,739

($6,726) ($1,330) $4,142 $9,044 $10,336 $17,822 $24,928 $27,816 $27,816 $22,040

$16,041 $15,372 $14,704 $14,036 $13,367 $12,699 $12,030 $11,362 $10,694 $10,025

$1,586,899 $1,753,199 $1,925,294 $2,090,446 $2,187,925 $2,414,568 $2,638,804 $2,783,936 $2,876,917 $2,861,154

Sales Proceeds AnalysisSales Proceeds Analysis 1607 S Lamar1607 S LamarFiscal Year Beginning June 2020




Page 8Page 8





MEASURES OFINVESTMENT

PERFORMANCE

Summary of Investment Measures


May-2021

Year 2

May-2022

Year 3

May-2023

Year 4

May-2024

Year 5

May-2025

Year 6

May-2026

Year 7

May-2027

Year 8

May-2028

Year 9

May-2029

Year 10

May-2030

Loan-to-Value (LTV) - 1st Lien

Combined LTV

DSCR - 1st Lien

Combined DSCR

Before Tax Cash on Cash

After Tax Cash on Cash

Effective Annual Cost of Borrowed Funds

Before Tax Impact of Leverage

After Tax Effective Cost of Funds

After Tax Impact of Leverage

Before Tax EQUITY Yield (IRR)

After Tax EQUITY Yield (IRR)

Acquisition CAP Rate

Cost of Sale upon Disposition

Combined LTV at Acquisition

Combined DSCR at Acquisition

Year Property Sold 1 2 3 4 5 6 7 8 9 10

Before Tax Unleveraged Property Yield (IRR)

After Tax Unleveraged Property Yield (IRR)

Effective Unleveraged Tax Rate

Effective Tax Rate (Includes Leverage)

5.66%

0.00%

70.00%

1.15

70.84% 67.47% 64.17% 61.12% 59.08% 55.43% 52% 49.56% 47.66% 46.81%

70.84% 67.47% 64.17% 61.12% 59.08% 55.43% 52% 49.56% 47.66% 46.81%

1.15 1.18 1.21 1.25 1.27 1.28 1.33 1.37 1.38 1.38

1.15 1.18 1.21 1.25 1.27 1.28 1.33 1.37 1.38 1.38

2.43% 2.92% 3.42% 3.94% 4.39% 4.51% 5.22% 5.88% 6.15% 6.15%

1.80% 2.09% 2.26% 2.44% 2.57% 2.51% 2.78% 3.01% 3.02% 2.76%

2.44% 5.42% 6.42% 6.85% 6.80% 7.18% 7.41% 7.39% 7.27% 6.98%

1.07% 3.34% 4.11% 4.45% 4.42% 4.73% 4.94% 4.93% 4.84% 4.60%

56.15% 38.38% 35.98% 35.04% 35.00% 34.12% 33.33% 33.29% 33.43% 34.10%

0.00% 27.24% 26.18% 25.72% 25.84% 25.02% 24.36% 24.37% 24.63% 25.58%

6.01% 5.50% 5.33% 5.24% 5.19% 5.15% 5.13% 5.11% 5.09% 5.08%

2.44% ↓ 0.17% ↓ 2.29% ↑ 3.18% ↑ 3.07% ↑ 3.61% ↑ 3.84% ↑ 3.69% ↑ 3.41% ↑ 2.95% ↑3.40% 3.11% 3.02% 2.97% 2.94% 2.91% 2.90% 2.89% 2.88% 2.88%

1.07% ↓ 0.48% ↑ 2.32% ↑ 3.00% ↑ 2.90% ↑ 3.36% ↑ 3.57% ↑ 3.45% ↑ 3.21% ↑ 2.79% ↑

N/A 5.25% 8.71% 10.03% 9.87% 10.79% 11.25% 11.08% 10.68% 9.93%

N/A 3.82% 6.43% 7.45% 7.32% 8.09% 8.51% 8.38% 8.05% 7.39%

Measures of Investment PerformanceMeasures of Investment Performance

AnalysisAnalysis

1607 S Lamar1607 S LamarFiscal Year Beginning June 2020




Page 9Page 9





INFOGRAPHIC10 MIN

DRIVE TIME

Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019, 2024.

KEY FACTS

141,215Population

33.0Median Age

1.9Average Household Size

$69,107Median Household Income

EDUCATION

8%

No High School

Diploma10%

High School Graduate

20%Some

College62%

Bachelor's/Grad/Prof Degree

BUSINESS

13,465Total Businesses

181,987Total Employees

EMPLOYMENT

76%White Collar

9%Blue Collar

15%Services

3.4%Unemployment

Rate

INCOME

$69,107

Median Household

Income

$52,727

Per Capita Income

$40,505

Median Net Worth

Households By IncomeThe largest group: $50,000 - $74,999 (16.2%)

The smallest group: $15,000 - $24,999 (7.3%)

Indicator Value Difference

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$35,000 - $49,999

$50,000 - $74,999

10.9%

$75,000 - $99,999

7.3%

$100,000 - $149,999

7.3%

$150,000 - $199,999

11.2%

$200,000+

16.2%

+3.3%

10.9%

+0.8%

15.1%

+0.6%

8.4%

-0.1%

12.7%

-1.5%

-1.7%

-2.4%

-0.5%

+1.6%

Bars show deviation from

Travis County

Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019, 2024.





• Austin was the fastest growing large city in 2019 (Source: WalletHub)

• Austin has the #1 job market in America (Source: The Wall Street Journal)

• Austin was ranked the #1 place to live in America 3 years in a row (Source: Forbes)

• Austin named best U.S. city for starting a business (Source: Inc.)

• Austin’s economy grew by 5.6% in 2018, making it the 5th fastest growing major metropolitan area economy (Source: Austin Chamber or Commerce)

• Austin is the 11th largest city in the U.S. with a metropolitan population of over 2 Million (Source: factfinder.census.gov)

• Austin is ranked the #3 best performing city (Source: Milken Institute)

• Austin is one of the top 10 US metros for VC Investment (Source: PitchBook)

• Over 15 millions travlers passed through Austin ABIA Airport in 2019 (Source: KXAN)

• More than 27.4 million people visit Austin each year (Source: Austintexas.org)

• Austin had 3.5% job growth in 2019, making it the 2nd fastest growing major metro area (Source: Austin Chamber of Commerce)

• Austin is a major tech hub with major employers including Samsung, Dell, IBM, Oracle, Apple, and Amazon (Source: Austin Business Journal)

WHY AUSTIN?

11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage ac�vi�es, including acts performed by sales agents sponsored by the broker.A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material informa�on about the property or transac�on received by the broker;Answer the client’s ques�ons and present any offer to or counter-offer from the client; andTreat all par�es to a real estate transac�on honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri�en lis�ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du�es above and must inform the owner of any material informa�on about the property or transac�on known by the agent, including informa�on disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri�en representa�on agreement. A buyer's agent must perform the broker’s minimum du�es above and must inform the buyer of any material informa�on about the property or transac�on known by the agent, including informa�on disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par�es the broker must rst obtain the wri�en agreement of each party to the transac�on. The wri�en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga�ons as an intermediary. A broker who acts as an intermediary:

Must treat all par�es to the transac�on impar�ally and fairly;May, with the par�es' wri�en consent, appoint a different license holder associated with the broker to each party (owner andbuyer) to communicate with, provide opinions and advice to, and carry out the instruc�ons of each party to the transac�on. Must not, unless specically authorized in wri�ng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wri�en asking price;ᴑ that the buyer/tenant will pay a price greater than the price submi�ed in a wri�en offer; andᴑ any conden�al informa�on or any other informa�on that a party specically instructs the broker in wri�ng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac�on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s du�es and responsibili�es to you, and your obliga�ons under the representa�on agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This no�ce is being provided for informa�on purposes. It does not create an obliga�on for you to use the broker’s services. Please acknowledge receipt of this no�ce below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following informa on about

brokerage services to prospec ve buyers, tenants, sellers and landlords.

.

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No.

Regulated by the Texas Real Estate Commission Informa on available at www.trec.texas.gov IABS 1-0

Date Buyer/Tenant/Seller/Landlord Initials

Sales Agent/Associate’s Name License No. Email Phone

Commercial Industrial Properties, LLC 9007597 [email protected] (512) 682-1000

Robert Springer 627720

Email

[email protected]

Phone

(512) 682-1001

Robby Eaves / Nick Nelson 588199/603416 [email protected] / [email protected] 512-682-1000

Documents

AUSTIN SOUTH LAMAR APARTMENTS 328 UNIT …...AUSTIN SOUTH LAMAR APARTMENTS 328 UNIT DEVELOPMENT. 10 S L amar A. ustin, TX, 78704. 512 682 1000. 9130 Jollyville Rd., Suite 300 Austin,