Office, USA, Austin, TX, Ownprop
Property Type : Office
Condition : Sold Out
Price per Token :  $10,000
Return Cash (exp) ? : 6.00%
Return IRR (exp) ? : 15.70%

 

Fully Leased Office in the Heart of Downtown Austin


Recently executed a 5-year lease with a public company which provides dependable cash flow on an appreciating asset in Austin, TX. This fully renovated office building is located in a desirable location, which will enable continual rental market attraction at the highest rates.


THE DEAL

Contrarian Investment with Potential

Office buildings are temporarily priced low due to Covid-related remote working trends. Austin office demand should bounce back as more and more tech companies move to Austin.

Renovated to Increase Value

Purchase price of $603/SF is ~10% discount to comparable sales. Renovated comps listing at or above $1,000/SF. Project led by team that is highly experienced in value add renovations.

Bet on Long-Term Growth Trends in Austin

Benefit from the mass migration of people and companies to Austin that creates a great hedge against inflation.

 

 

 

 

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