Portfolio

Las Cimas II & III

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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.

Key facts

Building Area Gross
Land Area Gross ()
Call for Offers 2022-03-10

Portfolio description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to purchase Las Cimas II & III (the Property), a two-building, 315,488 square foot, trophy office development in the premier Las Cimas office complex in the hills of southwest Austin, Texas. Located at the intersection of Capital of Texas Highway (Loop 360) and Bee Caves Road (RM 2244), the Property is surrounded by the city’s most affluent residential neighborhoods with superior access to major highways. Currently 79% leased to a diverse tenant roster which includes companies such as Epicor, Tesla, PeopleAdmin and Aeglea, the Property offers excellent value creation through the lease-up of remaining vacancy and rolling the existing tenancy to market upon expiration, which is 14% below market at a Property that has seen 6.4% average annual rental rate growth since 2013. Las Cimas II & III is a premier office offering representing an exceptional value-enhancement opportunity in the strongest suburban submarket of the most robust market in the United States. 

Investment highlights

Premier Office Opportunity with Value Enhancement

In-Place Rents 14% Below Market / 6.4% Avg. Annual Rent Growth at Property Since 2013

Trophy Office Asset

Institutional Quality / Timeless Architecture / Above Market Parking Ratio

Highly Amenitized Location

Adjacent H-E-B Anchored Village at Westlake / Best-In-Class On Site Amenities

Southwest Office Market

Austin’s Premier Suburban Submarket / 62% Rent Growth Since 2011

Affluent Demographics

Home Values Ranging From $800K to $8M in a 1-Mile Radius

Austin #2 City For Real Estate Investment

Source: ULI/PwC (2021)

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Las Cimas II & III (2 Properties)
Las Cimas III
Austin, TX, United States
Las Cimas II
Austin, TX, United States
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Last Updated Date: 01 Feb 2022

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