Industrial & Logistics

Tech Ridge Five

905 W Howard Ln Austin, Texas United States 78753-1389
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A


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Key Facts

Building Area

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire Tech Ridge Five (the “Property”), a 226,076-square-foot best-in-class industrial facility that is located in an irreplaceable infill location within the Austin industrial market.

The Property is 100% leased to Applied Materials (S&P: A-), and Carlton-Bates Company, a subsidiary of Wesco (S&P: BB-), with 3.7-years of weighted average lease term remaining and in-place rents 15% below market. With a location along IH-35, in the middle of Shops at Tech Ridge and Parmer Austin, the Property offers unparalleled access to surrounding demand drivers and synergies with neighboring corporate tenancy. Tech Ridge Five presents a unique opportunity to acquire a Class-A industrial asset featuring best-of-the-best industrial tenancy, within one of the nation’s leading economies.

Investment Highlights


Rare Austin Industrial Acquisition Opportunity

  • Tech Ridge Five presents investors with the unique opportunity to acquire 226,071 square feet of light industrial product within an infill location of Austin, a city that has limited industrial supply and minimal acquisition opportunities each year.

Stable In-Place Cash Flow with Future Upside

  • With an in-place occupancy rate of 100%, rental rates 15% below market, and limited availability for similar suite sizes and parking ratios in the competitive set, potential investors will have the ability to push rents upon tenant rollover.


  • 226,076 square foot, rear-load facility originally constructed in 1999
  • Situated on 17.0 acres of infill land, the site features 130’ deep truck court and 571 parking spaces, which translates to an above standard parking ratio of 2.5 per 1,000
  • Building features reinforced concrete construction, clear heights of 28’, 13% office finish with 100%HVAC climate-controlled warehouse space
  • In-place tenancy has spent upwards of $5.50 PSF above their provided tenant improvement allowance, signifying the tenant commitment to the asset and increasing the costs to replicate the existing improvements
Last Updated Date: 12 Aug 2020
Trent Agnew
Trent Agnew
Managing Director, Capital Markets
License details
Dustin Volz
Dustin Volz
Managing Director, Capital Markets

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Last Updated Date: 12 Aug 2020

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