9606 Old Manor Rd, Austin, TX 78724

DWG Capital Group is pleased to offer a newopportunity for a new purchaser of Austin Iron, a single-tenant NNNindustrial asset located at 9606 Old Manor Rd, Austin, TX 78724.THE PROPERTY: DWG Capital Group is selling the two-building 10,500SF property for the price of $2,506,400 at an attractive land basis of$55.90 PSF and the building for $238 PSF. The site is located just 10miles from Downtown Austin, Texas and is in a thriving industrial market.Building A was constructed in 1984 and totals 7,500 SF; Building B wasbuilt in 1992 and totals 3,000 SF.THE LOCATION: Austin Iron is strategically located in a highly traffickedbusiness park right off Highway 290, providing easy access throughoutthe metro. It is situated in East Austin in the Dafffin/UniversityHills/Manor areas in thriving Travis County. Austin has recently explodedinto the fastest-growing major metro in the United States over the lastdecade, per the U.S. Census Bureau. As major companies like Teslacontinue relocating from California to Central Texas, Austin's rapidpopulation growth shows no signs of stopping. Not only is Austin thenumber one job market, but it is also one of the hottest industrialmarkets in Texas and nationwide.INvESTMENT SUMMARYPurchase Price: $2,506,400 (6% Cap)NOI: $150,384Base Rental RatePSF: $13.90 PSF Purchase Price PSF: $238 Approximate Bldg SF: 10,500 SF Land Acres: Approx. 1.0 AC Rent Escalations: 3% Lease Terms: 5 years (3 yrs + two 1 yr extensions) Initial Lease Term: Start: 06/01/2024 End: 05/31/2029 Tenant: Austin Iron

Property Type: Industrial

"The Austin industrial market continues to break records and attract major players, with net absorption reaching 2.5 million sq. ft. in Q1 2024, led by industry giants SpaceX and Tesla occupying state-of-the-art build-to-suit facilities, alongside strong demand from Tesla suppliers leasing speculative space. New construction surged, delivering 3.1 millionsq. ft., with nearly 50% pre-leased – a testament to the market's strength. Asking rents climbed steadily, hitting $13.29 PSF market-wide, while in premium new buildings, rents surged to as high as $20 PSF, reflecting the value placed on Austin’s modern, strategically located industrial facilities. With robust leasing, record-breaking deliveries, and unwavering tenant demand, Austin solidifies its position as one of the fastest- growing and most dynamic industrial markets in the nation.”

(Sources: CBRE, JLL)

NEW LEASE RENTAL RATE: The new 5-year lease features a 3-year primary term and two 1-year options, with attractive 3% annual rent increases. The annual rent is $150,384, or $13.90 per square foot (PSF). The strength of the lease, tenant, and location makes the Austin Iron sale- leaseback an ideal acquisition opportunity, offering hands-off, stabilized revenue streams in a top 5 U.S. growth market. STABILIZED INCOMEWITH SUPERIOR RENT GROWTH AND EXCALATIONS: Thisstrategic opportunity provides a simple path to success and profit. A new purchaser can acquire the cash flow from the current location and benefit from strong future profits in a market with trending rental rates of approximately $15-$20 PSF NNN in this rapidly growing, best-in-Texas industrial market. TENANCY: DESIGN. DRAW. FABRICATE AND INSTALL. Austin Iron, a strong, high-growth tenant, is an ironworks design, fabrication, and installation company benefiting from high demand in Austin's booming construction economy. The tenant has occupied the location since 2014, experiencing consistent year-over-year growth and maintaining many months of backlogged demand. This seasoned tenant recently executed a 5-year NNN lease, structured as a 3-year base term with two 1-year extensions. Annual sales remain robust, and the new lease, while slightly below market, includes attractive 3% annual escalations, aligning well with the thriving, high-demand East Austin industrial market.