Steeds Crossing Development
Steeds Crossing Development Austin Texas
List Price: $89,000,000
Welcome to the grand unveiling of the proposed new construction at 1502 Steeds Crossing, Pflugerville, TX. An excellent chance to be an equity investor or buyer investor with an exclusive discount is now available in this flourishing region of Greater Austin, Texas.
This alluring venture sits between the newly established factories of renowned corporations, Tesla and Samsung, further enhancing the value and potential of this opportunity. The planned mixed-use property boasts a promising composition of 180 multifamily units, 44 townhomes, and a bustling 10,000 sqft retail space.
The project requires an equity investment or down payment of up to $20 million. The property is priced at an attractive $89,000,000. Classified as a Class B building, the development spans a generous lot size of 8.28 acres, and the planned construction aims to encompass a substantial 240,000 SF. The proposed four-story multifamily building is a valuable addition to this investment, boosting the cap rate to an attractive 5.28%.
A compelling feature of this investment is the future growth prospects of the area, given the new factories and the overall boom in the Greater Austin area. This project is the perfect mix of residential and commercial offerings, promising a bustling community and an excellent return on investment.
Our team at Capital Advisors is on standby to assist with underwriting this development and guiding you in making an offer on this magnificent opportunity.
Seize this once-in-a-lifetime chance to partake in a development that embodies both the thrill of urban lifestyle and the promise of a sound investment. Don't delay - be part of the next big thing in the Greater Austin area!
Note: The project is currently in the proposed phase, and the sale type is an investment. Please reach out for additional details or a site visit.
Listing courtesy provided by Andy Yaltir of Vita Real Estate Group.
