About McClung Properties


Neill McClung is the Principal and Broker for McClung Properties, Inc.  Neill was named a Top 25 Commercial Heavy Hitter by the Austin Business Journal for 2015.


Recent closings include:

Represented the family trust seller of 15th and San Antonio. The property was a parking lot for 40+ years.

Represented the family trust seller for 1620-1624 Lavaca. The property was a parking lot for 40+ years.

Represented seller of 75 acres for commercial development on Westinghouse Road in Georgetown;

Represented the buyer of a retail/office center on South 1st Street in Austin; and

Represented buyer for 2 retail pad sites on RR 620 at the Lakeway Regional Hospital.


512-785-6810; 512-266-9501  -  Mcclungneill@gmail.com


McClung provides commercial real estate investment brokerage, including acquisitions and sales, REOs, partnerships and joint ventures / private placements, as well as property leasing and management.

Neill McClung works directly with hundreds of real estate agents and owners specializing in all commercial products - including multifamily, office, retail, development, land, industrial and hotel/special use. 

Neill McClung has strong relationships with all the major commercial real estate brokerage companies in the State.  This provides an advantage to acquisition opportunities early and often off-market.

Mr. McClung is a licensed real estate broker in Texas, and a General Partner for income partnerships.  

Neill McClung is both an Austin local and a nation-wide commercial real estate broker with significant properties  managed, bought/sold, and leased in California, Arizona, Oklahoma and Nevada.

Mr. McClung's past experience as an executive with Heitman and Midland Red Oak Realty offer the leadership and management skills needed to successfully direct and close sophisticated commercial real estate projects.


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McClung Properties, Inc. often assists clients with 1031 and other Tax Deferred Exchanges.

Neill McClung recommends Greg Lehrmann, with Asset Preservation, Inc. for your 1031 exchange business.  

Greg is an attorney and the Texas/Oklahoma Division Manager for Asset Preservation, Inc., a subsidiary of Stewart Title Company.  Mr. Lehrmann is a "Qualified Intermediary" and has handled over 140,000 exchanges throughout the country.

To Contact Greg:

(512) 551-4232, greg@apiexchange.com

5604 Southwest Parkway, Suite 3234
Austin, Texas 78735

For more information on tax deferred exchanges, visit:

http://apiexchange.com/



McClung Properties Mission Statement


McClung Properties, Inc. is a boutique commercial real estate firm, specializing in buyer representation and partnerships. 

Current areas of interest are: single tenant, value-add income properties in the Austin MSA; development land in Texas growth corridors; and Texas ranches with mineral rights.



Neill McClung's Bio



    

Buyer Needs


View Current Buyers' Flyer
NEED: Lakeway/Hill Country Galleria/Dripping Springs Commercial Properties

Location: West Austin
Type: All property types

Details: Cash buyer looking to purchase OFF market commercial properties in Dripping Springs, Lakeway and Bee Caves around the Hill Country Galleria. All property types considered.

NEED TO BUY: Long-term leased medical or professional office

Location: Austin MSA
Type: Medical Office

Details: Repeat 1031 buyer for $500,000-$1,000,000 long term leased or sale/leaseback. Austin MSA medical or professional office - 7% cap w/ annual steps on 3 year leases.

Working with well-funded hard money lender

Location: Nationwide
Type: All Property Types

Details: Working with well-funded hard money lender. From $1 - 25 million in as little as 1-2 weeks. Typically 6-24 months interest only, and few if any covenants. Completed over $1 billion in transactions in the last five years.

NEED TO BUY: Class C/B Industrial Buildings, Major Texas Markets

Location: Texas
Type: Industrial

Details: Equity fund acquiring class C/B industrial buildings in major Texas markets. 50,000 sf minimum up to large portfolio. Looking for value-add play, with or without existing tenants.

NEED TO BUY: Houston Office Buildings

Location: Houston
Type: Office Building

Details: Have Cash buyer for Class B office buildings with Class A locations in Houston MSA. 100,000 sf minimum with structured parking or ability to add. 50% + occupancy with current market rates adjusted for oil & gas contraction.

NEED TO BUY: Well- located Retail Centers, Texas Major Markets

Location: Texas
Type: Retail Centers

Details: Have a well-funded buyer with track record looking for retail centers in major Texas markets, inner loop, core intersections, and high income. Local tenant mix is acceptable.

NEED TO BUY: Boutique Hotel and Condo Sites in Urban Areas

Location: Texas
Type: Land

Details: Have Texas urban boutique hotel and condo developer. Can close quickly. Needs high density but creative with design. Can work with a small lot or conversion.

NEED TO BUY: Value-Add Retail Centers, Texas Cities

Location: Texas
Type: Retail Centers

Details: Texas fund buyer for value add retail centers either by lease up and/or major reposition. Secondary or tertiary markets and local tenant mix is acceptable. Also, has a development arm for larger land tracts suitable for anchored centers in less dense areas in the path of growth.

NEED TO BUY: Class B Multifamily in small cities,150 Units +

Location: Texas
Type: Apartments

Details: Need to purchase multifamily. Class B, 150 Units minimum. All Texas tertiary markets considered, i.e. Abilene, Brownwood, Midland/Odessa, San Angelo, Palestine, Texarkana and Bentonville, Arkansas. (50,000 to 200,000 people)

NEED TO BUY: Existing self-storage, Texas

Location: Texas
Type: Self-Storage

Details: Have fund buyer for 50,000 to 200,000 s.f. existing Self Storage facility in Texas major markets. Must be occupied with redevelopment upside.

NEED TO BUY: Austin MSA, NNN tenants or Sale/Leasebacks, $3 to 10 million

Location: Austin Area
Type: Office

Details: Buying sale/leasebacks in Austin MSA. Must be true NNN with no landlord maintenance responsibilities. 6% cap on current NOI with rates increases. 5- 10 year leases. $3 ? 10 million.

NEED: Austin CBD land, MF infill, Hotel and Senior Housing sites

Location: Austin Area
Type: Development Land

Details: Have buyer with strong track record looking for Austin CBD land, will consider anything downtown. OFF MARKET ONLY. Also looking for Austin-area infill sites for Multi-Family starting at 15,000 s.f., and senior housing sites.

NEED TO BUY: 100 to 200 Acre Ranches in La Grange area

Location: La Grange Area
Type: Land

Details: Have 1031 looking to make elections on 100-200 acre ranches in the La Grange area. Please send all possibilities.

NEED TO BUY: Vacant Buildings on RR 620; $500k to $2 mm

Location: Austin Area
Type: Office

Details: Looking to purchase vacant buildings on RR 620 corridor from Hwy 183 to Hwy 71. Also interested in Hwy 71 corridor from 360 to city of Spicewood. Needs to be in tenant ready condition for professional office users. $500,000 tp $2,000,000

NEED TO BUY: 50 to 100 Acre Hunting Ranch near Lampasas

Location: Lampasas Area
Type: Land

Details: Need to buy 50 to 100 acre hunting ranch with well water and minerals close to Lampasas.

NEED TO BUY: 5-8 Acres for Senior Housing Development; Austin

Location: Austin Area
Type: Multi-Family Land

Details: Need to purchase land for Senior Independent living / affordable housing development. 5-8 acres (need to fit 80-100 units - all 1 & 2 bedroom). Ideally zoned appropriately. Must be within 1 mile of grocery store (as a crow flies). Areas of interest are FM 620, Austin Metro and surrounds (North, Northwest, West, Southwest). Should have high scoring schools.


    

Title: Land in Leander TOD - UNDER CONTRACT



Price:   Type:   Size:

Land in Leander TOD - UNDER CONTRACT Flyer (PDF Format)
Title: Land in Leander TOD - UNDER CONTRACT



Price:   Type:   Size:
Land in Leander TOD - UNDER CONTRACT Flyer (PDF Format)

     

Title: Wes Tex Office Building - FOR SALE



Price: $3,900,000  Type:   Size:

Wes Tex Office Building - FOR SALE Flyer (PDF Format)
Title: Wes Tex Office Building - FOR SALE



Price: $3,900,000  Type:   Size:
Wes Tex Office Building - FOR SALE Flyer (PDF Format)

   

Title: UNDER CONTRACT: 5002- 5006 Hamilton Road



Price: $750,000.00  Type: Development Land  Size: 0.96 Acres

UNDER CONTRACT: 5002- 5006 Hamilton Road Flyer (PDF Format)
Title: UNDER CONTRACT: 5002- 5006 Hamilton Road



Price: $750,000.00  Type: Development Land  Size:0.96 Acres
UNDER CONTRACT: 5002- 5006 Hamilton Road Flyer (PDF Format)
Title:



Price: $800,000  Type: Land  Size:1.99 Acres
Title: Northgate Retail Lots - Midland

5 Lots for Sale - Zoned planned district. If all lots are purchased, price reduced to $800,000. Near the Value Place Hotel and Nissan of Midland on Loop 250. Buyer must pay their broker if have one.



Price: $800,000 if purchased together  Type: Land  Size:1.99 Acres
Northgate Retail Lots - Midland Flyer (PDF Format)

Recent Closings


PRIOR TRANSACTIONS


Properties bought or sold by McClung Properties, Inc.:


Recent Closings:

Represented the family trust seller for 1620-1624 Lavaca. The property was a parking lot for 40+ years.

Represented seller of 75 acres for commercial development on Westinghouse Road in Georgetown;

Represented the buyer of a multi-tenant retail/office center on South 1st Street in Austin.


TOTAL  	850,000+ s.f.  	Amount: Over $100,000 Million closed.



List of Representative Properties Bought or Sold by Neill McClung for Midland Red Oak Realty (MRO):

Plaza Oaks - Midland, TX
Plaza Palomino - Tucson, AZ
Crossroads Mall - San Antonio, TX
La Placita - Tucson, AZ


TOTAL	3,700,000  s.f.     Amount:  Over $150 million closed.



List of Representative Properties Managed and Bought or Sold by Neill McClung for Heitman Financial:


Paragon Building, Midland, Texas           
Hightower Building, Midland, Texas
2700 North Central Building, Phoenix, Arizona
Bank of America Plaza, Reno, Nevada

TOTAL:   10,000,000   s.f.    Amount:  Over $1 billion




References


Neill McClung		 (512)785-6810(c); (512)266-9501(o)  mcclungneill@gmail.com

EDUCATION
MBA in Management, BBA in Accounting

AFFILIATIONS
Texas/National Association of Realtors (TAR/NAR)  

KEY SKILLS
Work closely with board of directors to build successful organization.  Direct decisions for property acquisition and dispositions.  Successfully create value for owners through astute purchase, creative leasing and knowledgeable management of office, retail and industrial properties.  Specialist in revitalizing and turning around commercial properties.

EXPERIENCE:

2003-Present		McClung Properties, Inc., Principal/Broker
Independent investment broker.  Buyer representative with Austin, Midland, Dallas/Ft Worth client base.  Work with trust individual and institutional buyers, and 1031 Exchanges.  Dramatically grow portfolios through acquisitions and property improvements.  Effectively drive change and growth through innovation, trust and consensus building.  Closed $11 Million in 2005, over $42 Million in 2006, and $27 Million in 2007.

1993-2003		Midland Red Oak Realty, Inc., CEO/Director
Guided the growth and startup of Midland Red Oak Realty, Inc. (a real estate subsidiary of Southwest Royalties, Inc.) into a $200 million company in five years with over 165 employees.  As President Neill was responsible for acquisitions, leasing, repositioning, development, disposition and property value enhancement activities.  Developed broker relations and agent recruiting.  Directed due diligence and acquisitions of over 3,900,000 square feet of office and retail properties throughout the Southwest.  Oversaw all brokerage transactions related to dispositions and portfolio leasing activity.

1983-1993		Heitman Properties, Ltd., Senior Vice President
Started with Heitman as Leasing Manager in Midland, Texas and became Senior Vice President overseeing 7,000,000 square foot portfolio of office and turnaround assets located in a seven state region.  His responsibilities included formulating and implementing marketing and capital improvement budgets and programs; negotiation of major lease transactions; civic and brokerage public relation programs and investor reporting.  Neill was directly responsible for more than 80 employees including asset managers, leasing managers, and property managers.

DEVELOPMENT:

Red Oaks:   380+ acres in Midland platted as residential & commercial. Directed completion of Entitlements, FEMA, and disposition (sold in late 2002).
Saddle Club East:   32.47 acres, 49 residential lots in Midland.  Fully developed.
Lewisville, Texas:    90 acres residential & commercial, fully developed & sold (1998-2001).
Austin:  Development of Multiple Pad Sites
Tucson, AZ:  Development of Multiple Pad Sites

Commercial Real Estate News


Baylor Scott & White buys Lakeway Regional Medical Center

By: Will Anderson
July 6, 2016


Baylor Scott & White Health has purchased the operations of Lakeway Regional Medical Center, a hospital west of Austin that has at times experienced financial difficulties in the four years since it was founded, for an undisclosed price.

The facility will be renamed Baylor Scott & White Medical Center-Lakeway and the transition will be complete by the end of the summer, according to a July 6 announcement.




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Baylor Scott & White Health has purchased the operations of Lakeway Regional Medical Center, a hospital west of Austin that has at times experienced financial difficulties in the four years since it was founded, for an undisclosed price [Read More...]

Source: Austin Business Journal