JLL Plaza_Property for Sale
JLL Plaza_Property for Sale
1703 West 5th Street, Austin, TX, 78704, US

JLL Plaza

Asset description

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire a leasehold interest in JLL Plaza (the “Property”), an eight-story, 115,975-square foot Class A office. JLL Plaza is situated in Austin’s west urban core at the intersection of West 5th and MoPac. The Property’s micromarket is exceptionally tight, with a ~95% occupancy rate, average asking rents of $46 PSF NNN and new construction rents of $65+ NNN. The Property is currently 100% leased to investment-grade tenants with 2.6 years of WALT remaining offering investors durable in-place cash flow with the ability to roll tenants to market.

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Attributes

Land area gross
1.04 ha
Occupancy
100%
Building area net
10,774 sm
WALT
2.6 years

Media

Investment highlights

  • DIVERSIFIED IN-PLACE CASH FLOW WITH MARK-TO-MARKET OPPORTUNITY
  • CREDIT-RATED TENANCY
  • PRIME URBAN CORE LOCATION
  • WEST URBAN CORE’S OFFICE PERFORMANCE
  • AUSTIN’S ECONOMIC RESILIENCE
JLL Plaza 4_Property for Sale
JLL Plaza 4_Property for Sale

Contact brokers

JLL Plaza (0 Properties)

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Last updated
Mar 21, 2025