Five Iron Golf Leases 13,500 Square Feet At 501 Congress Avenue In Austin From AFIAA 501 Congress LLC
501 Congress Avenue
Building Size
13,500 SF
Asset Type
Office
Closing
Jan 20, 2026
About this deal
AI
The asset involved in this lease transaction is a 13,500-square-foot office space located at 501 Congress Avenue in the Austin market. The transaction was finalized on January 20, 2026, and the property is under the ownership of AFIAA 501 Congress LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 501 Congress Avenue
- Market: Austin
- Tenant: Jared Solomon - Five Iron Golf
- Landlord: AFIAA 501 Congress LLC
- Broker: John Heffington - SHOP Companies
Jared Solomon represents Five Iron Golf, which is set to open a new location at the leased site, marking their flagship center in downtown Austin. The broker for the deal is John Heffington from SHOP Companies, who facilitated the lease agreement.
On the Map
Office
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Players
Austin Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93