$185MM Mixed-Use Loan Sale | Washington, DC
US - Washington, DC
IDR 2,754,455,750,000 | 45,411 m²
JLL (Jones Lang LaSalle Americas, Inc.) is pleased to present to investors the opportunity to acquire a fee simple interest in Barton Oaks Plaza II & III (“The Property” or “Barton Oaks Plaza”), two Class A office buildings totaling 237,455 square feet located in the Barton Oaks Development. Located less than 5 minutes from Downtown Austin at Bee Caves Road and MoPac, the Property is at the entrance to Rollingwood and West Lake Hills, home to Austin’s decision makers. Barton Oaks Plaza II & III are 86% leased to a diversified roster of tenants with 3.7 years of WALT, with no single tenant occupying more than 11% of the rentable square feet. The Property has maintained an average occupancy of 94% since 2014 and has signed 19 leases totaling over 90,000 square feet in the past 16 months by offering smaller blocks of space, which fits the majority of the demand in the market. Barton Oaks Plaza II & III presents a rare opportunity to purchase a coveted, Class A, evergreen office property located minutes from Austin’s Downtown with a diverse rent roll and unparalleled access to Austin’s most affluent neighborhoods.
DIVERSIFIED RENT ROLL & ROBUST HISTORICAL ASSET PERFORMANCE
PREMIER INFILL OFFICE LOCATION
OUTPERFORMANCE OF INFILL OFFICE
AUSTIN ECONOMIC RESILIENCE