Barton Oaks Plaza II & III_Property for Sale
Barton Oaks Plaza II & III_Property for Sale
901 South Mopac Expressway, Austin, TX, 78746, US

Barton Oaks Plaza II & III

Portfolio description

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.

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Attributes

Building area Net
237,455 sf
Occupancy
86.00%
Year built
1983
Barton Oaks Plaza II & III (2 Properties)
Barton Oaks Plaza II & III (2 Properties)

Media

Investment highlights

DIVERSIFIED RENT ROLL & ROBUST HISTORICAL ASSET PERFORMANCE

PREMIER INFILL OFFICE LOCATION

OUTPERFORMANCE OF INFILL OFFICE

AUSTIN ECONOMIC RESILIENCE

Barton Oaks Plaza II & III 4_Property for Sale
Barton Oaks Plaza II & III 4_Property for Sale

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Last updated
Apr 20, 2023