Lavaca Plaza_Actifs en vente
Lavaca Plaza_Actifs en vente
504 Lavaca St, Austin, TX, 78701-2900, US

Lavaca Plaza

Description

Jones Lang LaSalle ("JLL") is pleased to off er qualifi ed investors the opportunity to purchase Lavaca Plaza (the "Property"), a Class A office asset in the heart of Austin's CBD. Located at 5th and Lavaca, the Property sits at the epicenter of Austin’s dynamic Downtown, making it one of the most walkable and highly-amenitized office assets in the Austin market. The immediate surrounding area is home to over 2 million square feet of retail, 6,700 hotel keys, and 4,300 residential units. The 11-story building measures 122,042 rentable square feet and is 85% leased to a strong credit tenant roster with 37% leased to government agencies and 51% leased to WP Engine. The Property also boasts one of the highest parking ratios of any Downtown building (4.3/1,000), generating stable supplemental income through tenant, monthly contract and transient parkers. Given Lavaca Plaza’s premier location and a weighted average lease term of 1.9 years, the Property offers investors an attractive future redevelopment opportunity while retaining current cash flows.

...

Caractéristiques de l'actif

Surface de l'actif Net
11 338 m²
Occupation
84,7 %
Année de construction
1981
Taille du terrain
0,33 hectare
Type d'immeuble
A
WALT
1.9 années

Média

Points clés d'investissement

·        Premier CBD Location

·        99 Walk Score

·        85% Leased

·        Opportunity To Immediately Increase Revenues By $685k

·        Highest Parking Ratio Within 2 Block Radius

·        $2.4M Gross Parking Revenue In 2023

·        Future Redevelopment Opportunity Of Up To 882,090 SF

Lavaca Plaza 4_Actifs en vente
Lavaca Plaza 4_Actifs en vente

Contacter l'équipe

Lavaca Plaza (0 actifs)

Actifs similaires

Voir plusChevron Right
Vous avez des questions ? Consultez notre page FAQ
Voir la page FAQArrow Right
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
19 juin 2025