Documents
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Attributes
Year Built | 2015 |
Building Area Net |
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Land Area Net |
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Rentable Area |
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Occupancy | 100.0 % |
Asset Description
JLL has been exclusively retained by the Owner to offer qualified investors an opportunity to purchase Aspen Lake II (the “Property”), a 100% leased four-story, 128,990-square foot Class A office asset ideally positioned in Northwest Austin near the intersection of SH 183 and SH 45, providing exceptional omni-directional connectivity to Austin and the surrounding suburbs. The Property is 100% leased as the headquarters for Q2 Holdings, Inc., a publicly traded software company with a market cap of $3+ billion, 24% year-over-year revenue growth, and over 2,000 employees worldwide. The asset is positioned in close proximity to Cedar Park, Round Rock, Leander, Pflugerville, and Georgetown, Austin’s fastest growing northwestern suburbs as well as within 10 minutes of Apple’s new $1B campus and The Domain, home to Indeed, Facebook, Amazon, and VRBO amongst others. With 5.9 years of remaining lease term to a high-growth fintech tenant within an institutional quality asset offering top-of-submarket features, Aspen Lake II represents a rare Core Plus investment opportunity within the nation-leading Austin real estate market.
Investment Highlights
- HIGH-GROWTH FINTECH TENANCY
- RAPIDLY DEVELOPMING MICROMARKET
- INSTITUTIONAL QUALITY ASSET
- TIGHT FAR NORTHWEST OFFICE SUBMARKET