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Classic Auction - Office

Austin, TX Office Portfolio: Value-Add Opportunity

7901 Cameron Road, Austin, TX 78754

Call for Information
  • Asset Type
  • Real Estate
  • Property Type
  • Office
  • Land Area
  • 4.38 Acres
  • Year Built
  • 1986
  • Year Renovated
  • 2017
  • Number of Floors
  • 3
  • Number of Buildings
  • 3
  • Parking Count
  • 395
  • Occupancy
  • 68.66%
  • Occupancy as of
  • Apr 05, 2021
  • Office Type
  • Suburban Office
  • Property Size
  • 121,988 Sq Ft

The Cameron Center: Three-Building Office park

Investment Highlights

  • Rare Opportunistic Investment Opportunity in Austin, TX, One of the Hottest Markets in the US
  • Value-Add Opportunities with below market in-place rents and occupancy
  • Pricing Expectations Significantly Below Replacement Cost.
  • Near-term Ability to Vacate & Reposition Tenancy to Re-Lease or Occupy Space
  • Emerging "Upper Eastside" Submarket
 

Offering Details

JLL and RealINSIGHT Marketplace are pleased to offer investors the opportunity to purchase The Cameron Center, (the “Property”), a three-building office park along US Highway 183 and Cameron Road in the emerging “Upper Eastside” submarket. Currently 68% leased primarily as executive suites, the 121,988-square foot office park presents numerous value-add opportunities allowing a potential buyer to increase occupancy through focused leasing efforts, convert the Property to a traditional multi-tenant asset, or sell-down to owner-occupants. The offering provides an investor a rare opportunistic investment opportunity within a rapidly changing submarket in one of the most dynamic and fastest growing cities in the United States.

Located along Cameron Road and US Highway 183, one of Austin’s main thoroughfares, the Property offers outstanding building signage opportunities with highway visibility. Austin’s Northeast office submarket, historically a magnet for value-office tenants, is experiencing explosive growth and rapid repositioning due in part to numerous nearby mixed-use destinations. The Property’s location affords easy access to major business centers such as Walnut Creek and residential areas across Austin due to easy access to major thoroughfares: US Highway 183, US Highway 290, Interstate 35 and State Highway 130 Toll Road. Toll lane construction on US Highways 290 and 183 offers streamlined access to all parts of the city, including the benefits of Project 183, which is Austin’s $743M infrastructure expansion of US Highway 183 which will facilitate easy access from the Property to Austin Bergstrom International Airport.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

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Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 10344