Sentral East Austin_Property for Sale
Sentral East Austin_Property for Sale
1614 East 6th Street, Austin, TX, 78702, US

Sentral East Austin

Asset description

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in Sentral East Austin, two luxury Class-A adjacent communities in East Central Austin. The portfolio consists of two separate buildings, Sentral 1614 consisting of 119 units and Sentral 1630 consisting of 139 units. Approximately 25% of the portfolio unit-mix operates as short-term rentals, which provides a substantial uplift to top-line revenue. The portfolio’s exceptional location in the heart of the East Sixth Street entertainment corridor boasts a 96 walk score (walkscore.com) and is ideal for both residents and visitors alike


The communities are managed by Sentral, the leading full–building residential hospitality operator, maximizing NOI lift for Class-A owners through superior performance and enhanced experience. Sentral has a proven track record of maximizing NOI 10-20% on average through their platform compared to the conventional management model.


Sentral 1614 and Sentral 1630 are ideally located for this concept, given they are in the heart of the East 6th street entertainment district where residents are walking distance from Austin’s top entertainment attractions and eateries. The properties boast a 96 walk score (walkscore.com), which is one of the highest in the city. Sentral East Austin is in the perfect location to attract both multifamily and short-term tenants. Furthermore, East Austin has recently gone through an office revitalization with over a million square feet of Class-A office delivered since 2017 within a half mile radius of the Property. The superior quality and tremendous location of Sentral East Austin make it one of the most desirable offerings in Austin’s path of continual growth.

...

Attributes

Units
258 units
Occupancy
95%
Year built
2019
Building area net
157,182 sf

Media

Investment highlights

IN THE HEART OF AUSTIN’S NEWEST & VIBRANT ENTERTAINMENT DISTRICT, EAST 6TH STREET

• Residents are walking distance from Austin’s top entertainment attractions and eateries, including Zilker Brewing Company, Suerte, Easy Tiger, Hotel Vegas, Uptown Sports Club, Snooze, Whistlers, Lazarus Brewing Company, Ramen Tatsu-Ya, Revelry Kitchen + Bar, among others.

• Given the vibrant and growing location, Sentral 1614/1630 is perfectly positioned to attract both multifamily and short-term tenants in the short, mid, and long term.


SENTRAL IS SITUATED IN EAST AUSTIN’S OFFICE MARKET REVITALIZATION

• Since 2017, over a million square feet of Class-A office has been delivered within a half mile radius of the Property, representing a 10x increase in inventory.

• Over 700,000 SF of office leasing in that period has been driven by demand from young, highly skilled white-collar employees to live and work in the heart of East Austin.

• With nearly 525,000 SF of space left to be leased, the area can expect to absorb more an influx of renters into the market.


Sentral East Austin 4_Property for Sale
Sentral East Austin 4_Property for Sale

Contact brokers

Sentral East Austin (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Mar 22, 2024