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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Land Area ()

Property Description

Jones Lang LaSalle (JLL) is pleased to offer the exclusive opportunity to purchase 500 & 502 Oakland Avenue, a 0.30-acre site located in Austin, Texas. Situated at the corner of West 5th Street and Oakland Avenue on the western side of Downtown, the property is proximate to some of Austin’s main demand drivers including the Central Business District, the University of Texas, the Innovation District and the State Capitol, among others. In addition, the site offers seamless accessibility to MoPac Expressway (Loop 1) and some of Austin’s most affluent neighborhoods including Tarrytown, Clarksville, Rollingwood, and Westlake Hills.


With short-term tenancy able to cover operating expenses, the site offers optionality for a covered land play or a potential mixed-use office and retail redevelopment opportunity. Ideally situated in the center of one of the nation’s fastest growing economies, the property provides an unbeatable infill opportunity that allows for a flexible development timeline.

Investment Highlights

  • Unique redevelopment or owner-occupant opportunity
  • Strong surrounding demand drivers
  • Transportation thoroughfare
  • Nation leading economy
  • Strong demographics


Last Updated Date: 17 Nov 2020
Cathy Nabours
Cathy Nabours
Managing Director, Capital Markets
License details
TX-479015
Walter Saad
Walter Saad
Managing Director, Capital Markets
License details
TX-415184

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Last Updated Date: 17 Nov 2020

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