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

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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 2008
Building Area
Land Area ()

Property Description

Jones Lang LaSalle ("JLL") is please to offer the exclusive opportunity to purchase Park Central (the “Property”), a 114,091 square foot Class A suburban office asset located in North Central Austin, Texas. Located less than a half mile south of the Interstate 35/Parmer Lane intersection, Park Central features exceptional highway visibility and instant access to three of Austin’s major traffic thoroughfares allowing for superior connectivity to workforce and executive housing options as well as North Austin’s deep amenity base including nearly 2 million square feet of retail at Parmer Lane.


With 5.1 years of WALT remaining, Park Central is currently 98.7% leased to a diverse set of creditworthy tenants including Lam Research, Retro Studios (subsidiary of Nintendo), the State of Texas Comptroller, NCS Pearson, Diebold Nixdorf and PCE Paragon Solutions (subsidiary of Foxconn). Additionally, in-place rental rates are approximately 29% below market, presenting an exceptional value enhancement opportunity balanced by a secure income stream and strong remaining lease term in one of the nation’s top performing markets, Austin, Texas.

Investment Highlights

  • Secure Cash Flow with Long-Term Value-Enhancement Opportunity
  • Diverse Rent Roll with Investment Grade Tenancy and Term
  • Institutional Quality Asset
  • Irreplaceable North Austin Address
Last Updated Date: 26 Aug 2021
Kelsey Shebay
Kelsey Shebay
Managing Director, Capital Markets
License details
TX-566770
Drew Fuller
Drew Fuller
Senior Director, Capital Markets
License details
TX-604743

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+358931583230
Last Updated Date: 26 Aug 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.