cornerstone ±194 acres · downtown austin and 12 miles south of austin bergstrom international...

Austin (15 Miles)Austin Bergstrom Airport (12 Miles)

130

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FM 1854Camino Real

Raney

Pl

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William

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EXCLUSIVE LISTING AGREEMENT | CALDWELL COUNTY, TEXASCORNERSTONE ±194 ACRES

Josh Cameron | [email protected] Hal Guggolz | [email protected] Bee Caves Road, Centre ll Building, Suite 306, Austin, Texas 78746 ph. 512.327.3010 | www.landadvisors.comThe information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. TXCaldwell200122 - 07.21.2020

LOCATION Cornerstone is located at the southeastern corner of 130 Tollway and State Highway 21 with direct access to 130 Tollway service road. Cornerstone is strategically situated at a hard corner of the two main thoroughfares in the region. The site is approximately 15 miles south of downtown Austin and 12 miles south of Austin Bergstrom International Airport.

SIZE ±194 acres

PRICE Contact Broker

JURISDICTION Located within the City of Mustang Ridge Extra-Territorial Jurisdiction in Caldwell County, Texas.

UTILITIES Cornerstone is located within the Creedmoor Maha WSC CCN for water service. There is an approved wastewater discharge permit with the Texas Commission for Environmental Quality.

Austin

Lockhart

SanMarcos

Buda

Kyle

DelValle

Niederwald

Creedmoor

Delhi

Trav

is Co

unty

Bastr

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Travis County

Hays County

Bastrop County

Caldwell CountyHays County

Caldwell County

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TU71

TU45

TU142

TU360

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FM1966

E Oltorf St

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FM 9

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land Ln

Fitzhugh Rd

RR 967

RR150

RR 3237

FM

1854

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704

Darden HillRd

Opal LnHilliardRd

FM 2

00

1

Eld er Hill Rd

RR12

Hugo Rd

FM 713

Trau

tweinRd

Fulton RanchRd

FM 8

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625

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0

Old

Lockhart Rd

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CORNERSTONE REGIONAL MAPHal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

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200122-37737 03-23-20

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved.

Lockhart Junior HighLockhart PrideHigh School

StrawnElementary

School

Buda

Niederwald

Creedmoor

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Dr

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1854

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1185

Rohde Rd

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72

Turnersville Rd

FM 1

625

CORNERSTONE SURROUNDING DEVELOPMENT MAPHal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

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Hays County

Bastrop County

Caldwell County

Caldwell Cou

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Hays C

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CORNERSTONE SURROUNDING AREA MAPHal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

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StrawnElementary

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son Rd

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CORNERSTONE PROPERTY DETAIL MAPHal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

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200122-37737 03-23-20


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Sunkist Dr

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CORNERSTONE FLOODPLAIN MAPHal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

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CORNERSTONE AERIALHal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

MARKETING HIGHLIGHTS • Ideally located at the intersection of State Highway 21 and Texas State Highway 130,

Cornerstone is 25 minutes from the Austin CBD and 15 minutes from Austin Bergstrom International Airport.

• The property has just under 1 mile of frontage on Texas State Highway 130 and approximately 610 feet of frontage on State Highway 21.

• Competition for Cornerstone is severely constrained due to limited utility availability and high upfront infrastructure costs. In addition, many competing municipal jurisdictions are prohibiting (through denials in the planning process) the small production sized lots that are in the highest market demand. As a result, first time home buyers seeking affordable product will be driven to projects like Cornerstone where the product exists to satisfy the tidal wave of demand.

• Austin is significantly constrained when it comes to the future supply of homes. The area is becoming increasingly more difficult to obtain the proper entitlements and agreements. Consequently, Cornerstone provides an opportunity to deliver much needed and demanded lot replacement inventory for the market area that nearby municipalities will no longer approve.

• Austin’s population has doubled every 20 years and has been doing so since 1880. Therefore, in the year 2040 Austin will have doubled to roughly 4.5 million people. That represents an average of approximately 115,000 new people per year. At the industry accepted conversion rate of 2.5 people per household; that represents a need of approximately 46,000 dwelling units (single-family and multifamily) per year to meet the housing demand with no inventory build-up cushion at all.

Austin (15 Miles)Austin Bergstrom Airport (12 Miles)

130

¡¤183

TU21

FM 1854Camino Real

Raney

Pl

Ranchero Dr

William

son Rd

Old L

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CORNERSTONE


CLOSED SALES LAST 12 MONTHS

36,63934,594 5.9%

MEDIAN SALE PRICE

$321,950$300,000 7.3%

MONTHS OF INVENTORY

1.8 mos2.2 mos

12 MONTH SALES VOLUME

$13.1B $14.4B

MLS RESALE STATISTICS - SINGLE FAMILY HOMES2

NEW HOUSING TRENDS1

$378,202

$372,5121.5%

ANNUALIZED NEW HOME STARTS

ANNUALIZED NEW HOME CLOSINGS

AVERAGE NEW HOME PRICE

Top 10 Builders by Closings - Last 12 Months

Sources: (1) Metrostudy (2) Texas A&M Real Estate Center

2018 2019

18,708

16,28414.9%

18,905

2018

16,48514.7%2019

Dec 2018

Dec 2019

Dec 2018 Dec 2019

Dec 2018 Dec 2019

2018 20199.8%

-0.4 mos

AUSTIN MARKET REPORT4Q19

New & Existing Homes Sold

Vacant Developed Lot Supply

2018

2019

Single Family & Multi-Family Permits

ECONOMIC TRENDS2

UNEMPLOYMENT RATE

Sources: (2) US Bureau of Labor Statistics*Seasonally Adjusted

Employment Growth Population Growth & Total Population

1,119.8

AUSTIN

TOTAL NONFARM EMPLOYMENT

1,082.0 13,055.2

TEXAS

12,711.0

(in thousands)

AUSTINEMPLOYMENT GROWTH

2.5%

TEXAS

1.9%

2.4%

AUSTIN

2.7%Dec 2018 Dec 2019

3.3%

TEXAS

3.6%Dec 2018 Dec 2019

Dec 2018 Dec 2019Dec 2018 Dec 2019

Annualized Employment Change* Annualized Employment Change*


US Construction Spending

Consumer Price Index - Total CPI vs Shelter

Healthy YOY Employment Growth Seen In

Personal Services 8.4%

Mining, Logging, and Construction 8.2%

Leisure and Hospitality 6.1%

Professional and Business Services 5.6%

-0.3% -0.3%

3.5% 2.7%

ECONOMIC TRENDS2

UNEMPLOYMENT RATE



1,119.8

AUSTIN


1,082.0 13,055.2

TEXAS

12,711.0

(in thousands)


2.5%

TEXAS

1.9%

2.4%

AUSTIN

2.7%Dec 2018 Dec 2019

3.3%

TEXAS

3.6%Dec 2018 Dec 2019

Dec 2018 Dec 2019Dec 2018 Dec 2019










-0.3% -0.3%

3.5% 2.7%

STATE & MARKET GROWTH OPPORTUNITYFor years, Texas has led the nation in employment and population growth, receiving numerous accolades including: • Being named #1 in “Economic Climate” by Forbes.• “America’s Top State for Economy” by CNBC.• “Best State for Business” by Chief Executive.

Texas continues to dominate the nation’s population growth. Since 2010, Texas has added 3.9 million new residents. Austin received the following rankings and accolades: • #1 on the U.S. News’s list of the, “2019 Best Places to Live” for the third year in a

row.• U.S. Bureau of Labor Statistics ranked Austin as #12 among the top 50 Metro Areas

for employment growth.• Austin has the No. 2 best performing metro economy in the nation, according to

the annual ACBJ Economic Index.• #8 in the U.S. for new home starts and closings. • Zillow ranked Austin #1 on its list of the top housing markets for 2020.• Brookings Institute ranks Austin No. 1 for growth, No. 5 for prosperity, and No. 9 for

inclusion in Brookings’ annual Metro Monitor assessment of the economic success of large U.S. metros.

• Voted #1 “hottest” labor market in the U.S. for the second year in a row, according to the Wall Street Journal’s analysis of the 53 largest metros using 5 labor market metrics.

• The Dallas Fed’s Austin Business-Cycle Index expanded 7.7 percent in December, well above its long-term average of 6.3 percent. Robust job growth and lower unemployment rates indicate healthy economic performance in the metro for 2020.

CORNERSTONE


LANDADV ISORS .COM

2.4%Austin Unemployment Rate

3.5%Year over Year Job Growth

14.9%New Home Closings Up

$378,202Median New Home Price

MARKET INSIGHTS • 4Q19

AUSTIN MARKET REPORT

ECONOMIC TRENDS2

UNEMPLOYMENT RATE



1,119.8

AUSTIN


1,082.0 13,055.2

TEXAS

12,711.0

(in thousands)


2.5%

TEXAS

1.9%

2.4%

AUSTIN

2.7%Dec 2018 Dec 2019

3.3%

TEXAS

3.6%Dec 2018 Dec 2019

Dec 2018 Dec 2019Dec 2018 Dec 2019










-0.3% -0.3%

3.5% 2.7%

INFORMATION ABOUT BROKERAGE SERVICESTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:• Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.• Must not, unless specifically authorized in writing to do so by the party, disclose:

• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and• any confidential information or any other information that a party specifically instructs the broker in

writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

___________________________________________________________________________Licensed Broker/Broker Firm Name or License No. Email PhonePrimary Assumed Business Name

___________________________________________________________________________Designated Broker of Firm License No. Email Phone ___________________________________________________________________________Licensed Supervisor of Sales Agent/ License No. Email PhoneAssociate

___________________________________________________________________________Sales Agent/Associate’s Name License No. Email Phone ___________________________________________________________________________Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission. Information available at www.trec.texas.gov.

THE TEXAS REAL ESTATE COMMISSION (TREC) REGULATES REAL ESTATE BROKERS AND SALES AGENTS, REAL ESTATE INSPECTORS, HOME WARRANTY COMPANIES, EASEMENT AND RIGHT-OF-WAY AGENTS, AND TIMESHARE INTEREST PROVIDERS

YOU CAN FIND MORE INFORMATION AND CHECK THE STATUS OF A LICENSE HOLDER AT WWW.TREC.TEXAS.GOV

YOU CAN SEND A COMPLAINT AGAINST A LICENSE HOLDER TO TREC - A COMPLAINT FORM IS AVAILABLE ON THE TREC WEBSITE

TREC ADMINISTERS TWO RECOVERY FUNDS WHICH MAY BE USED TO SATISFY A CIVIL COURT JUDGMENT AGAINST A BROKER, SALES AGENT, REAL ESTATE INSPECTOR, OR EASEMENT OR RIGHT-OF-WAY AGENT, IF CERTAIN REQUIREMENTS ARE MET

IF YOU HAVE QUESTIONS OR ISSUES ABOUT THE ACTIVITIES OF A LICENSE HOLDER, THE COMPLAINT PROCESS OR THE RECOVERY FUNDS, PLEASE VISIT THE WEBSITE OR CONTACT TREC AT:

TEXAS REAL ESTATE COMMISSIONP.O. BOX 12188

AUSTIN, TEXAS 78711-2188(512) 936-3000

Land Advisors Organization

Kirk Laguarta 60656241 [email protected]

Hal Guggolz 628645 [email protected] 210-416-6276

AUSTIN

cornerstone ±194 acres · downtown austin and 12 miles south of austin bergstrom international...

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