Bluebonnet Park$9.50 – $11.57/SF/yr NNN
1571 Legacy Dr
69,200 SF of Industrial space available at 1571 Legacy Dr, Austin, TX 78702. For Lease through Sterling Crest Advisors.
For LeaseStatus
69,200 SFAvailable
$12.29/SFAsking rent
1973Year built
AClass
Property facts
| Property type | Industrial |
|---|---|
| Building class | A |
| Rentable area | 985,000 SF |
| Available | 69,200 SF |
| Stories | 1 |
| Year built | 1973 |
| Renovated | 2003 |
| Typical floor | 985,000 SF |
| Lot size | 24.42 acres |
| Parking ratio | 3.4/1,000 SF |
| Occupancy | 93.0% |
| Zoning | TOD |
| Parcel ID | 21-603-1198 |
| Submarket | East Austin |
| Market | Austin |
| Days on market | 230 |
| Walk Score | 98 |
| Transit | Light rail 5 min |
| Listing package | Basic |
Building amenities
Energy Star, Restaurant, 24 Hour Access
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P LBBY | Distribution | Sublet | 7,560 | $12.39/SF | Thru Mar 2030 | Sep 2026 |
| P LBBY | Office | Direct | 5,850 – 20,920 | $11.99/SF | Negotiable | Vacant |
| P LBBY | Distribution | Direct | 20,020 – 40,720 | $12.28/SF | Negotiable | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Brightwater Law LLP | Non-Profit | 1 | 169,680 | 2030-12-01 |
| Prairie Energy Services | Financial Services | 1 | 242,560 | 2034-09-01 |
| Prairie Energy Services | Education | 1 | 67,060 | 2029-08-01 |
| Kite Creative | Non-Profit | 1 | 146,820 | 2031-08-01 |
| Silverpoint Advisors | Energy | 1 | 10,090 | 2027-09-01 |
| Bluebonnet Insurance | Insurance | 1 | 238,670 | 2032-04-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2024-08-15 | $71.82M | $72.91 | 8.61% | Fairbridge Partners | Potomac Realty Trust |
| 2020-08-05 | $58.12M | $59.01 | 8.25% | James River Properties | Vantage Point Capital |
| 2017-12-03 | $23.13M | $23.49 | 8.63% | Lone Star Property Trust | Westbrook Equities |
Public record
| Owner of record | Passaic Valley Holdings |
|---|---|
| Assessed value | $293.79M |
| Land value | $59.43M |
| Improvement value | $234.36M |
| Annual tax | $6.34M |
| Tax year | 2026 |
| Lot size | 1,063,735 SF |
| Last deed | 2017-05-21 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 15 BLK 845 EAST AUSTIN ADDN |
Location
1571 Legacy Dr
Austin, TX 78702
East Austin submarket · Austin market
30.27937, -97.70056
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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