Realterm closed on the acquisition of a 142,229 SF final mile warehouse located at 4117 McKinney Falls Parkway in Austin, TX. The facility is strategically located near an abundance of transportation infrastructure including the Austin-Bergstrom International Airport, I-35 and Highway 71, facilitating efficient distribution access to one of the fastest growing populations in the U.S. The acquisition closed shortly after the facility's parking area was expanded to enhance the tenant’s ability to service the influx of consumers throughout the Austin MSA.
"The High Flow Through (HFT) characteristics of the building, recent parking expansion, proximity to key interstates and airports, and Austin's population growth make this a valuable addition to Realterm Logistics Income Fund (RLIF) portfolio," said Rob Moriarty, Associate Vice President.
Highlights of the property include:
- Square feet: 142,229 SF
- Land area: 24.8 acres
- Doors: 34 dock high / 15 grade level
- Access: Austin-Bergstrom International Airport, I-35 and Highway 71
The facility is fully leased.