Auto Parts Support for Tesla in AustinA Summary of potential warehouse properties for Auto parts manufacturing and distribution
Auto Parts and Distribution in Austin
Since Tesla announced the Cybertruck factory near ABIA (Austin Bergstrom International Airport), auto parts should come into play. Tesla is making a comment that they prefer to acquire auto parts from local sources. Therefore, a warehouse for an auto parts manufacturer or distributor will be of need. Below is a summary of what the inventory picture looks like for warehouse property as well as construction plans.
Initial timelines for the Cybertruck?
According to Elon Musk in a comment dated Jan 27th 2021; We’ll make a few deliveries of the Cybertruck in 2021,” Musk said, “but volume production is set for next year.”
Design and Engineering are completed and orders are to be placed for equipment to manufacture the truck. More affordable versions will be produced in 2022. The plant location is slightly NE of the airport in Austin Texas.
New Construction Projects
Kyle 206,000 SF
Hwy 130 1.6M SF North east in 4 phases. Phase I based on potential tenants.
NE 3.8M SF Amazon related near SH 130.
Auto Parts Distribution Warehouses
Shire Commercial has helped auto parts distributors in the past. One of our clients is a transmission parts dealer. We found them a warehouse property that consisted of grade level door access with 10,000SF of warehouse space.
As of Feb 2021, inventory for large warehouse properties is solid for NE Austin.
Drive Times to ABIA
- With SH 130 that goes by the airport travel is abbreviated.
- Speed limits on SH 130 are 70mph to 75 mph
- Drive times from Far NE Austin to ABIA are 23.3 miles or 21 minutes.
Industrial developers are jumping on the speculation train. They expect vendors to have leasing requirements. They are anticipating demand currently. The time to build the facilities however will take at least one year (projected).
One year would be the best case scenario. There is no news yet of pre-leasing, however Shire Commercial can help corporate tenants find warehouse space that is to be developed.