SRS Real Estate Partners announced today it has completed the sale of Woodland Place, a fully occupied, 11,049-square-foot multi-tenant retail center located at 13616 N Highway 183 (Research Boulevard) in Austin, TX. Built in 2016 and situated on 1.86 acres in the Northwest submarket, the property is occupied by three tenants: Austin Family Orthodontics, Austin Children’s Dentistry and Firehouse Animal Health Center.
SRS Capital Markets Managing Principal Cathy Nabours, Vice President Kyle Shaffer, and Senior Associate Sam Nichols represented the seller, an Austin-based developer and owner. The buyer was a Los Angeles-based private investor.
“Woodland Place attracted strong investor interest due to its combination of daily-needs tenancy, full occupancy, and outstanding visibility along one of Austin’s most heavily traveled corridors,” said Nabours. “Additionally, with a location in the heart of Northwest Austin’s continued tech-driven growth, the property represents exactly the type of long-term, stable investment today’s private capital is seeking.”
Situated on N Highway 183, which sees 115,000 vehicles per day, the property is visible along Austin’s major corridor between North Central Austin and Cedar Park/Leander, two of Austin’s fastest-growing suburbs.
Northwest Austin has grown to be among Austin’s major tech hubs. Anchored by the Domain and the Arboretum, firms such as Visa, Apple, and Amazon have deep roots in the corridor, driving long-term growth.
Last year, SRS Capital Markets completed more than $3.5 billion in deal volume comprised of 950 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is celebrating 40 years of going the extra mile for its clients. Building on its retail foundation, SRS provides commercial real estate solutions across retail, industrial, and capital markets. Headquartered in Dallas with 30 offices nationwide, the firm measures its success by the achievement of its clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.