Capitol Tower_Property for Sale
Capitol Tower_Property for Sale
206 E 9th St, Austin, TX, 78701-2518, US

Capitol Tower

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Capitol Tower (the “Property”), a Class A office tower in Austin’s CBD. The 20-story tower measures 175,510 rentable square feet and is 69% leased to a strong tenant roster. Of the six total tenants, three are considered creditworthy while the remainder have received significant institutional investment and backing. The institutionally owned asset has unmatched views of the Capitol Building. The Property’s prime urban location provides access to an abundance of walkable retail and amenities, which positions the asset well to compete for Austin’s ample inbound institutional leasing demand. 

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Attributes

Building area net
175,510 sf
Occupancy
69%
Year built
1984
Year renovated
2018
WAULT
4.33 years

Media

Investment Highlights

  • HIGH GROWTH RESILIENT AUSTIN OFFICE MARKET
  • PARKING INCOME GROWTH
  • LEASE TO CORE OPPORTUNITY WITH IN-PLACE CASH FLOW
  • AUSTIN #5 CITY FOR REAL ESTATE INVESTMENT 
Capitol Tower 4_Property for Sale

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Last updated
20 May 2024