Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2007
Occupancy 99.0 %

Property Description

Currently 97% leased, the Property features a diverse tenant mix with approximately 55% of the NRA leased to investment grade tenants such as the Centene Corporation, Siemens Corporation, GSA and Canon Solutions among others. With over 4 years of weighted average lease term and no more than 22% of the in-place tenancy expiring during any one year, the Property offers investors stable cash flow with upside potential in an increasing rental rate environment and in-place rental rates approximately 15% below market.

Investment Highlights

Jones Lang LaSalle (“JLL”) has been exclusively retained by the Owner to offer qualified investors the opportunity to purchase Research Park Plaza 7 & 8 (the “Property”), two Class A office buildings totaling 251,679 square feet in the dynamic Northwest Austin submarket.
Andrew Levy
Andrew Levy
Senior Managing Director, Dallas Office Co-Head
License details
LA-BROK.0995686164-ACT TX-0413696
Todd Savage
Todd Savage
Managing Director, Capital Markets
License details
TX-0509026

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