Triton Plaza
| Status | Active |
|---|---|
| Address | 7035 Bee Caves Rd / Austin, Texas 78746 |
| County | Travis |
| Type | Office |
PROPERTY PROFILE
| Parcel Number | Volume 12241, page 2477 |
|---|---|
| Zoning | Office |
| Unit Mix | office spaces |
| Number of units | 13 |
FINANCIAL INFORMATION
| Purchase Date | 06/12/2006 |
|---|---|
| Purchase Price | $1,715,000 |
| Total Cost | $1,915,000 |
| Estimated Site Rehab Cost | $200,000 |
| Current Occupancy | 90 |
|---|---|
| Sales Date | Not Sold |
Map
Returns
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Property Highlights
Property is in excellent location and a newer part of Austin that is experiencing significant growth. Before purchase it was poorly managed with high vacancy and turnover. Building is in the process of rehabilitation. We raised rents, resulting in increased cash flow and market value. Building has the abilty to create value through cosmetic rehabilitation and higher rents.
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