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101 W Louis Henna BlvdAustin, TX 78728
Frontera Crossing
Asset ClassOffice
Occupancy97%
Square Feet: 165,258Land: 19.57 AcresAccess Data Room
Stable North Austin Asset with 97% Occupancy and 4 years of WALT
overview of deal

Overview

Cushman & Wakefield’s Central Texas Capital Markets team is pleased to present to the market Frontera Crossing, a recently renovated and exceptionally well maintained office property in the thriving North Austin Submarket. Featuring strong historical occupancy levels, and substantial recent upgrades, Frontera Crossing offers investors a stable asset in a low vacancy submarket with minimal near-term capital costs. Currently parked at 6.03:1000 buyers have the ability to lease to virtually any office user in the market.

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Investment Highlights

STABILIZED OFFICE OPPORTUNITY WITH UPSIDE IN RENTS

  • Smaller tenant project with less exposure to Tech tenancy than most office projects
  • Stable opportunity with no rollover until 2027, allowing investors to capitalize on improvement in the market at that time
  • Building lobby, tenant lounge, new chillers, and elevator modernization were undertaken by current ownership in 2021/2022
  • Diverse industry mix represented throughout the rent roll with staggered lease rollover
  • Limited available space in the submarket with strong peer group occupancy in similar projects
  • Extensive capital investments by current owners including a new roof, restroom upgrades and lobby renovations limiting capital expenditures for the next owner

EXCEPTIONAL WORKING ENVIRONMENT

  • At 6.03/1000 parking Frontera Crossing has a very unique value proposition to high density users with its additional parking pad site
  • Convenient and direct access to Interstate 35 and Texas State Highway 45 provides drive times of 5 minutes to the Domain and 20 minutes to the Austin Bergstrom International Airport
  • Expansive site with the ability to sell off pad site to enhance value
  • Raised flooring throughout the building provides flexibility and improved data and electrical distribution
  • Extensive interior renovations by the current owners and exceptional overall building and property condition provides tenants a Class A office experience
  • Amenity rich location with over 2.8M square feet of retail in a one-mile radius

Property Overview

Description
Address
101 Louis Henna Boulevard, Austin, TX 78728
Net Rentable Area
165,258 SF (per rent roll); 170,463 SF (per 2023 BOMA remeasurement)
Land Size
19.57 Acres
Occupancy
97.05%
Parking
997 Total Spaces (6.03:1,000 SF)
Floors
Four
101 W Louis Henna BlvdAustin, TX 78728

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Listing provided by Revere CRE