Advance-Auto-Parts-700-S-Colorado-Austin

Colliers Arranges $2M Sale of Advance Auto Parts in Metro Austin

by Haisten Willis

LOCKHART, TEXAS — Colliers International has arranged the $2 million sale of a single-tenant, net-leased retail building located on at 700 S. Colorado St. in Lockhart. Advance Auto Parts has a remaining 15-year lease on the newly constructed, 6,912-square-foot building. Jon Busse of Colliers International represented the buyer, The Douglas and Diane Paulson Family Trust ,an Austin-based private investor that purchased the property in an all-cash transaction. Brad Motley of KW Net Lease represented the seller and property developer, LG Lockhart LLC.

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