Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1985
Building Area Net
Land Area Net ()
Occupancy 95.0 %

Asset Description

Jones Lang LaSalle (“JLL”) has been exclusively retained by the Owner to offer qualified investors the opportunity to purchase a fee simple interest in Hartland Plaza (the “Property”), a 95% leased four-story, 184,128-square foot Class A office asset ideally located in Austin’s urban core at the intersection of West 6th St. and MoPac, providing direct access to Downtown Austin via West 5th St. and broader connectivity via MoPac. Hartland Plaza is in the heart of Austin’s Urban Core, ideally situated between the affluent neighborhoods in West Austin and Downtown and within walking distance of over 15 bars and restaurants. The Property’s micromarket is exceptionally tight, with a 95% occupancy rate, contributing to base rents that eclipse $46 PSF NNN. With 4.4 years of remaining lease term to a diverse rent roll of tenants and in-place rents 14% below market, Hartland Plaza represents a rare Core Plus investment opportunity within the nation-leading Austin real estate market.

Investment Highlights

  • Diversified in-place cash flow with 12% average annual rollover
  • Mark-to-market opportunity with rents 14% below market
  • Prime urban core location west of Downtown Austin with walkable amenities
  • Superior office performance in Austin's Urban Core with over 14% rent growth since 2020
Last Updated Date: 30 Sep 2022

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Last Updated Date: 30 Sep 2022

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