Annapolis, Md. (January 19, 2022) – Realterm announces the acquisition of a final mile warehouse located at 9807 Middle Fiskville Road in Austin, Texas. The 48,686-square-foot industrial distribution building sits on 11.34 acres and has 20 loading positions, a first and second floor office space, on-site van and trailer parking, and a truck repair bay with a covered canopy.
“Austin is expanding quickly and is an advantageous city in which to extend our footprint,” said Rob Moriarty, Associate Vice President, Central Region Acquisitions, Realterm. “By adding more than half a million residents, Austin became the nation’s fastest-growing metro region in the United States from 2010-2020. Not surprisingly, this has increased the need for final mile services to keep up with e-commerce demand.”
Located eight miles northeast of downtown, the property is well situated to service the greater Austin region. The property has immediate access to I-35 and is 13 miles from Austin-Bergstrom International Airport. It is within a three-hour drive of Dallas, Fort Worth, San Antonio and Houston, Texas.
“This property’s size, location and features make it a valuable addition to Realterm’s portfolio and desirable to a host of occupiers,” said Ed Brickley, Managing Director and Senior Fund Manager, Realterm.
Highlights of the property include:
- Square feet: 48,686 SF
- Land area: 11.34 acres
- Doors: 20
- Access: I-35