Update: This property is no longer on the market. For a list of current available commercial real estate properties, click here.
Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is offering qualified investors the unique opportunity to acquire Sur512, a brand new, 352-unit, Class A urban residential community in Austin, Texas. Demand for the property is bolstered by the continued urbanization along the South Congress corridor and the transformation of the area into a premier destination for young professionals seeking urban core living at a significant discount to CBD rents.
Built in 2016 by renowned luxury developer JPI, the apartment property for sale features impeccable design, high-quality finishes and best-in-class amenities, including two resort-style swimming pools, two fitness facilities, a professional business and conference center, stylish clubhouse, picnic and grilling areas, Wi-Fi in all common areas, outdoor lounge and social space, internet café and lounge, 24-hour emergency maintenance and on-demand fitness classes. The superior quality construction, ideal South Austin location and surrounding economic influencers combine to make Sur512 a compelling offering in one of the fastest-growing and most sought-after regions in the nation. The 352 units average 895 square feet, and current occupancy stands at 95 percent.
Prominently positioned at 5010 South Congress Avenue minutes from downtown and the famed South Congress district, Sur512 provides direct access to the city's most popular retail and entertainment destinations, tech hub and two of the biggest new employers, UT/Dell Medical School and Oracle’s new campus.
Sur512 is a multi-housing property for sale with a competitive amenity package and high-end unit finishes in the desirable South Congress area of Austin. For more information on this commercial property for sale or other apartment properties for sale in Austin, please contact Sean Sorrell, Matt Pohl or Ryan McBride. For information on financing this acquisition, please contact Casey Wenzel. To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.